News:
Brokerage
Posted: June 10, 2013
Lease and Fowler of John J. Lease Realtors secure 18k s/f sale; former 84 lumber site sold to Utica General/Peterbilt
John J. Lease Realtors commercial division has arranged the sale of the former 84 Lumber facility located off of I-84 and Rte. 17K.
The 84 Lumber site had been vacant for a number of years. It consists of 8.4 acres with an 18,000 s/f commercial warehouse.
The new purchasers are Utica General/Peterbilt and they will use this facility for truck parts and services. Utica General was established in 1938 and maintains its home office in Utica. This site will be an expansion from Montgomery. Utica General will increase their local staff from 3 employees to 12.
John J. Lease Realtors was represented by Jeffrey Lease and Art Fowler, associate brokers.
Tags:
Brokerage
MORE FROM Brokerage
Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million
Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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,
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
.gif)