Ciminelli Real Estate leases 80,000 s/f facility at 475 Cayuga Rd. to Dunn Tire
Ciminelli Real Estate Corporation completed a deal with Dunn Tire to relocate and expand their headquarters and main distribution facility to Airport Commerce Park at 475 Cayuga Rd. Dunn Tire distributes automobile and light to medium truck tires, as well as custom wheels and other specialty automotive products, to a network of over 2,500 automotive retailers in the region.
The 80,000 s/f facility, which will employ a number of area residents, is a large scale expansion for Dunn Tire. The move will be a catalyst for their wholesale expansion, while allowing significant improvements and efficiencies in customer service to retail and wholesale outlets throughout upstate New York and western Pennsylvania.
"We are extremely pleased that Dunn Tire has chosen to locate their headquarters at Airport Commerce Park," said Robert McDonnell, VP of Ciminelli, the leasing agent for the Cayuga Rd. business park, "Being able to accommodate their sizeable expansion was, of course, critical, but another necessity was for them to be centrally located. This site is ideal for them, and western New York should be very proud that Dunn opted to keep their operations based here, when there were clearly other options."
The interior construction work being performed by Ciminelli Development Company, Inc. at 475 Cayuga Rd. is incorporating sustainable design elements and "Green" building practices targeting a silver USGBC LEED Certification that will result in a highly efficient facility including reductions in energy and water consumption while providing the best possible interior environment for our employees, all with minimal impact to the environment. Pursuing USGBC LEED certification will verify the project's sustainable design.
St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking