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
Investment Property Realty Group brokers $2.15 million sale of 129 Jackson St. in Williamsburg
Brooklyn, MA Investment Property Realty Group (IPRG) has closed the sale of 129 Jackson St., a multifamily building located in the Williamsburg section of the borough, for $2.15 million.
Quick Hits
Columns and Thought Leadership
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 CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
.gif)