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.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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