Hourihan and Deck of RealtyUSA broker $1.982 million for Sherwood Electromotion Inc.

199 & 221 Lein Road - West Seneca, NY

West Seneca, NY Sherwood Electromotion Inc., a company that specializes in servicing electric motors and other devices for the transit and railroad industries, has acquired the former Delavan Industries Inc. property. Sherwood paid $1.982 million for the buildings located at 199 & 221 Lein Rd.

Tim Hourihan, RealtyUSA

Joe Deck, RealtyUSA

Sherwood will be moving from its current building on Botsford Place in Buffalo where it occupies 7,500 s/f to its new 62,000 s/f home later this year. The move will allow Sherwood to handle a larger volume and scope of business, especially with contracts the firm has with the Port Authority of New York, New Jersey Transit Authority and Metropolitan Transit Authority in New York City. Tim Hourihan and Joe Deck, from RealtyUSA’s Commercial Division in Buffalo brokered the transaction. Sherwood is headquartered out of Concord, Ontario.

Tags: Brokerage

Reprint

Previous Story Next Story

1540 Broadway signs 226,500 s/f of leasing as repositioning drives demand

Manhattan, NY GFP Real Estate and BDT & MSD Partners (BDT & MSD) secured 226,500 s/f of new leasing at 1540 Broadway since unveiling the tower’s $150 million repositioning in January

Olmstead Properties continues leasing momentum at 381 Park Ave. South with 9,946 s/f of new office leases

SL Green Realty inks 34,564 s/f of leasing at 711 Third Ave.

SL Green inks 34,564 s/f of leasing at 711 Third Ave.

NAI Long Island brokers sale of 2,500 s/f office for $680,000

Merrell of Island Associates sells 1,400 s/f medical office - $650,000

Merrell of Island Assocs. sells 1,400 s/f medical office

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Investment Property Realty Group closes $1.7 million sale of 491 East 166th St.

Columns and Thought Leadership

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

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

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 commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their