News: Brokerage

Langtry and Cuddy of CBRE lease 18,243 s/f to Captain Lawrence Brewing; Relocated to 444 Saw Mill River Road, Elmsford

Captain Lawrence Brewing Co. has inked an 18,243 s/f lease at 444 Saw Mill River Rd. Captain Lawrence plans to relocate its 8,000 s/f operations from Pleasantville and build a new facility that will increase its brewing capacity and create a number of additional jobs. The CBRE team of Kevin Langtry and William Cuddy negotiated the long-term lease commitment on behalf of Captain Lawrence Brewing Co. Owned and operated by local Westchester County resident Scott Vaccaro, the Captain Lawrence Brewing Co. has experienced growth over the past few years. "After five and a half years of brewing at our current location, 99 Castleton St. in Pleasantville, New York, we are excited to be moving to a larger facility. The Village of Pleasantville, and our local neighbors, have been a tremendous part of our success and we hope they will make the short drive to visit us in Elmsford," said Vaccaro. Vaccaro plans to have the new brewery and tasting room up and running by the fall. This new facility is larger and can accommodate much taller vats, allowing for a five times the brewing capacity and the addition of a bottling line to begin rolling out its flagship Freshchester Pale Ale in 12 ounce bottles. The new tasting room will be 1,500 s/f and will include a new draft system for serving beer and filling growlers. Langtry said, "There were a number of requirements that needed to be met including high ceilings, abundant electrical power and municipal water, which took some time to find. After a lengthy search the space at 444 Saw Mill worked out fantastically." Langtry said, "It was a pleasure working with a great local company, and especially one that happens to make my favorite beer."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi

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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,