CBRE|Syracuse
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Brokerage
Posted: September 4, 2018
Finn and Anninos of CBRE|Syracuse broker $3.5 million sale of 49,673 s/f Ithaca manufacturing/office facility
CBRE|Syracuse
CBRE|Syracuse
Ithaca, NY Michael Finn, CCIM, managing partner of CBRE|Syracuse, and Bill Anninos, senior broker, exclusively brokered the $3.5 million sale of 5 Barr Rd.
The three-story, 49,673 s/f manufacturing/office facility was constructed in 1998 on a 4.91 acre site. The building served as a location for Mettler-Toledo Hi-Speed, which designs and manufactures checkweighing systems, material handling equipment, and robotic case packing machines for the packaging industry. The company closed this facility on July 1 and has consolidated its area operations at its newly built facility in Florida.
Ongweoweh Corp., a pallet and packaging management company, purchased the building and is relocating its headquarters from Warren Rd. to the larger Barr Rd. location.
Ongweoweh was represented by Robert Colbert Jr. in the acquisition.
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