Mancuso of Mancuso Management Inc. brokers 204,000 s/f sale
B. Thomas Mancuso, SIOR of Mancuso Management Inc. brokered the sale of a 204,000 s/f industrial building to a local manufacturing business.
The factory and warehouse at 274 Sandusky Rd. had been started in 1952 for a manufacturing purpose. In 1970 a 170,000 s/f addition was built to accommodate growth in assembly and warehousing activities. The property was converted to multi-tenant use and acquired by the Arcade Properties investment partnership in the 1980's.
The buyer, Steel & O'Brien Manufacturing, Inc., is a domestic manufacturer of sanitary stainless steel fittings for the food processing, pharmaceutical and various other industries.
Mancuso Management has provided brokerage and leasing services to the owners since 1988.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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