News:
Brokerage
Posted: March 10, 2014
Foster and Murphy of Summit Realty broker sale of former Met Life building; Represent the buyer, 125 Business Park Group Utica, LLC
Summit Realty Management, LLC has brokered the sale of the former Met Life building. The property, located at 125 Business Park Dr., was formerly occupied by Met Life three years ago. The building was built in 1990 and totals 80,000 s/f of class A office space.
Marty Dowd and Peter Finn of CBRE Syracuse represented the seller. Jeffrey Foster and John Murphy of Summit represented the buyer, 125 Business Park Group Utica, LLC.
In addition to the purchase of the 125 Business Park Dr. facility, Orbcomm will be the first tenant of the building. The company signed a 10-year lease totaling 13,700 s/f.
Dowd and Dave Thomas of CBRE Syracuse represented Orbcomm. Foster and Murphy of Summit represented the owner.
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.
 (2).gif)
Columns and Thought Leadership
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
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
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
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.
.gif)