CBRE|Syracuse
News:
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.
Tags:
Brokerage
MORE FROM Brokerage
Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million
Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
.gif)