Old Dominion Freight Line to develop $8.3m distribution center; Galesi's Glenville Business and Technology Park
Old Dominion Freight Line Inc. is planning to build an $8.3 million distribution center in the Glenville Business and Technology Park. The company plans to build a 40,000 s/f warehouse on 13-acre parcel at the entrance to the business park. The building will employ 38 people when completed next year.
Construction will start the summer of this year. The 152-acre Glenville Business and Technology Park is owned by the Galesi Group of Rotterdam. Samet Corp. of Greensboro has been selected as general contractor for the project.
The Schenectady County Industrial Development Agency approved the package of incentives for the project, including a sales-tax exemption on building materials, that could save the company $500,000 over a 10-year period. Ray Gillen, chairman of the Metroplex Development Authority, said, "Old Dominion's selection of the Glenville Business and Technology Park will help us land other companies who often cluster near their service centers. The Glenville site is ideally located right at Exit 26 of the NYS Thruway. We appreciate the strong support we received from the County, the Town of Glenville and the Galesi Group to bring this major new investment to our community."
Hauppauge, NY NAI Long Island, an affiliate of NAI Global, has achieved 100% occupancy at two Suffolk County office properties, totaling 50,689 s/f. These exclusive landlord leasing assignments involved 207
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.
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,
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
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