News: Brokerage

Cushman & Wakefield|Pyramid completes seven sales totaling $3.44 million and secures 49,277 s/f in leasing transactions

Syracuse, NY Cushman & Wakefield|Pyramid Brokerage Co. (CW|Pyramid) has completed the following transactions:

• 8 Dwight Park Dr.: Bodycote Syracuse Heat Treating Corp purchased a 58,717 s/f industrial manufacturing facility from Nu-121 Dwight Park Circle LLC for $1.3 million. Michael Kalet and Cory LaDuke of CW|Pyramid exclusively marketed the property and represented the seller.  

290 Elwood Davis Road - Liverpool, NY

• 290 Elwood Davis Rd. in Liverpool: Anchor QEA, LLC renewed and expanded their lease, now taking 18,167 s/f on a long-term basis. John Clark, CRE, SIOR and Cory LaDuke of CW|Pyramid represented the tenant.

• 135 Old Cove Rd. in Liverpool: LaDuke and Patrick Hillery of CW|Pyramid represented HEPACO in their 1,380 s/f lease. 

• 135 Old Cove Rd. in Liverpool: Genesee Regional Bank leased 1,270 s/f. O’Leary exclusively represented the marketing of the property and facilitated the lease on behalf of the landlord, Greenwood Co.

• 1630 West Genesee St.: The 2,173 s/f office building sold for $130,000.  O’Leary exclusively marketed the property and facilitated the sale on behalf of the seller, Thomas Jurkiewicz. O’Leary is representing the new owner in leasing in the building.  

357 South Warren Street - Syracuse, NY

• 357 South Warren St.: Hope Café Coffee and Tea House leased 1,500 s/f. Troy Bullock of CW|Pyramid brokered this lease on behalf of the landlord.

• 7359 Oswego Rd. in Liverpool: The American Red Cross renewed their 18,900 s/f lease. Brian Balash, CCIM, of CW|Pyramid facilitated the lease on behalf of the tenant.

• Rte. 233 in Westmoreland: A two-acre parcel was sold to CGP Acquisition Development for $200,000. The buyer with plans to develop a Dollar General. Bullock represented the buyer and seller.

1 Hansen Island - Little Falls, NY

• 1 Hansen Island in Little Falls: The 110,082 s/f manufacturing facility was sold by Redco Foods, Inc. to Luminati VTOL for $750,000. The buyer plans to utilize the facility to design manned and unmanned vehicles for commercial and defense applications. D’Amore exclusively marketed the property and facilitated the sale on behalf of the seller.

• 511 East Genesee St. in Fayetteville: Empire Computer Services leased 1,100 s/f at Fayetteville Commons. William Evertz and Christopher Savage of CW|Pyramid exclusively marketed  and facilitated this lease.

• 121 Lexington Ave./205 ½ Cherry St.: A two-parcel property portfolio, totaling 10,756 s/f on .65 acres was sold to Syracuse Quality Living for $120,000. Joyce MacKnight and David Carnie of CW|Pyramid exclusively marketed the property, and represented the seller, True Christian Community Church.

• 6085 Court Street Rd.: 4 Power Now Inc. leased 4,000 s/f of industrial warehouse space. Savage and James Laurenzo of CW|Pyramid represented the tenant in this lease.

• 6086 East Taft Rd.: Lasnicki Laminates leased 2,960 s/f of flex space. Scuderi and MacKnight represented the tenant in this lease.

130 Hotel Street - Utica, NY

• 130 Hotel St. in Utica: The 47,000 s/f multi-story building was sold to Cadet Development Partners for $695,000. The buyer plans to convert the building into loft style apartments with retail on the first level. Jeffrey D’Amore of CW|Pyramid was the sole broker, and exclusively marketed the property for the seller, Fisher Auto Parts.

• 1 Hansen Island in Little Falls: The 110,082 s/f manufacturing facility was sold by Redco Foods, Inc. to Luminati VTOL for $750,000. The buyer plans to utilize the facility to design manned and unmanned vehicles for commercial and defense applications. D’Amore exclusively marketed the property and facilitated the sale on behalf of the seller.

• 1712 Bleecker St. in Utica: The 8,752 s/f mixed-use building was sold by Summit Park LLC to Schmalz Realty LLC for $245,000. Michael Conley of CW|Pyramid exclusively marketed the property, and represented the seller, while D’Amore represented the buyer.

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.
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
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