News: Brokerage

Collins of Tudor Collins brokers two leases at Airport International Centre on Sonwil Dr.

Cheektowaga, NY One of the co-owners of Tudor Collins Commercial Real Estate, Patricia Collins, brokered several lease transactions in the Airport International Centre on Sonwil Dr.   

Patricia Collins,
Tudor Collins
Commercial Real Estate

Last summer, being at almost 100% occupancy, the owners of Airport International Centre decided it was time to construct two new “spec” warehouse buildings. Their leasing agent, Collins, was tasked to find tenants for the first of the two buildings–500 Sonwil Dr., a 44,000 s/f building.  

USA Sealing, Inc., took occupancy of 18,500 s/f of warehouse and office as they outgrew their former 5,000 s/f space in the same park. 

Another tenant, Pilot Air Freight, will also be moving into 19,000 s/f of warehouse and office space according to their property manager, Nicholas Malagisi. 

Collins also represented the landlord in these transactions.

The second warehouse building known as 550 Sonwil Dr. will contain 38,000 s/f  and construction is expected to be complete by early summer.  

According to Collins, “Given the shortage of available warehouse space in the WNY market, I don’t expect this building to sit vacant for very long.  We already have several companies interested in leasing all or part of this building.”

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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