September 10, 2012 -
Upstate New York
CBRE | Syracuse, has completed the following deals:
David Thomas represented the tenant Midair USA, LLC, in the lease of 83,000 s/f of warehouse space in the former Rite Aid Distribution Center, 5865 Success Dr. Midair USA, an aviation company offering aircraft ownership, leasing and trading, has another location at Griffiss Air Force Base. Columbia Development Cos. based in Albany represented the landlord, Rite Aid.
Mark Rupprecht, CCIM, of CBRE | Syracuse, with David Tropp, of CBRE | Chicago, represented the Packaging Corp. of America (PCA) in the lease renewal of 82,356 s/f of warehouse space at 4510 Steelway Blvd. S. in Liverpool. PCA manufactures containerboard and corrugated packaging. COR Brokerage represented the landlord, Heritage Capital Group, LLC.
Peter Finn, CBRE | Syracuse executive VP, and Mark Rupprecht, CCIM, senior broker, represented the East Syracuse/Minoa Central School District in the $460,000 sale of 121 Heman St. in East Syracuse, the former Heman Street School. The buyer, Two Plus Four Construction Co/, will renovate the 46,894 s/f building into a senior housing complex.
Rick Searles, Bill Anninos and Peter Finn were the exclusive leasing agents for NYSEG, a subsidiary of Iberdrola USA, in two long-term leases of office space at 18 Link Dr. in Binghamton. Coughlin & Gerhart, LLP, a law firm, will occupy 27,036 s/f, which is a relocation for the company. The Bell Group represented the tenant. And the engineering firm, O'Brien & Gere, will occupy 12,170 s/f, which is a relocation from the company's Vestal offices. Pioneer Cos. represented the tenant.
Marty Dowd and Larry Van Der Bogart exclusively brokered the $200,000 sale of 923 W. Genesee St. in Syracuse, part of the former Lewis Goodman Chrysler Plymouth properties, owned by Goodman Genesee, LLC. Walt's Automotive Service purchased the 23,584 s/f building as an expansion of its nearby business.
Michael Finn, CCIM, CBRE | Syracuse managing partner, and Donald French, senior broker, exclusively brokered the $540,000 sale of 2112 Erie Blvd. E. in Syracuse. Evans & Bennett, LLP, an accounting firm, is the new owner of the 20,000 s/f building. The seller, Stedman & Garger Associates Inc., a business management consulting firm, leased back a portion of the building.
Rick Searles exclusively listed the property and represented the seller, Upper Front Street Properties, LLC, in the $420,000 sale of 1210-1220 Upper Front St. in Binghamton. Dr. Robert Lalor, purchased the approximately 2-acre commercial site to construct a new dental facility, which will be his second location. EXIT Realty Homeward Bound represented the buyer.
David Thomas represented the buyer, Gibar Inc., in the $320,000 sale of 7820 Brewerton Rd. in Cicero, the former site of the 15,426 s/f China Towne Furniture showroom. Plans for redevelopment of the site are under way. Pyramid Brokerage Co. represented the seller.
David Thomas exclusively brokered the $507,000 sale of 7531 & 7536 Murray Dr. in Cicero, a 14,800 s/f commercial building on 1.09 acres with frontage on Oneida Lake, which was originally constructed by Syracuse Scientific. The buyer was Brook-Anco Corp., a company that provides precision measuring instruments and machine tools to research and development departments of corporations and institutions. The seller was Frank Toce Trust.
Bill Anninos and Marty Dowd represented the seller Dr. J. Robert Smith, in the $650,000 sale of 2200 E. Genesee St. in Syracuse to Dr. Daniel L. Carr, an orthopedic surgeon who will relocate his practice to the 11,000 s/f medical office building.
David Thomas represented the buyer, and Ed Kiesa, CCIM, represented the seller in the $360,000 sale of 7839 Maltlage Dr. in Liverpool. A national investor with offices in New York City and Anchorage, AK, purchased the 10,000 s/f flex building occupied by Music & Arts, a company which offers instrument rentals, music lessons, and band and orchestra instrument sales. GRN, LLC was the seller.
Rick Searles exclusively brokered the $150,000 sale of 1017 Conklin Rd. in Conklin. JMT Logistics, an automated materials handling company, purchased the 8,200 s/f commercial building situated on 3.8 acres. JMT Logistics relocated from another Conklin facility that the company was leasing. The property was previously owned by Acorn-Conklin, which operated it as a True Value Hardware Store.
Ed Kiesa, CCIM, represented the United Methodist Publishing House in the $360,000 sale of 2620-2626 Erie Blvd. E. in Syracuse, a 6,800 s/f plaza. CosmoProf, a salon product retailer, occupies half of the plaza, while the other half was vacated by the Cokesbury Book Store last year. Pyramid Brokerage represented the buyer.
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.