1200 State Fair Blvd. - Geddes, NYGeddes, NY Hackman Capital Partners, LLC and Calare Properties, Inc. have completed the recent sale of MetroWest Industrial Center, a 567,800 s/f, multi-tenant facility at 1200 State Fair Blvd. The buyer, United Auto Supply, will use the high-bay portion of the facility to house their auto parts distribution business.
Brad Ruppel of CBRE National Partners represented the seller in the transaction, while Robert Krawiecki of RJK Real Estate Advisory represented United Auto Supply.
Based in Syracuse and family owned and operated since 1946, United Auto Supply manages 21 locations in New York, Ohio and Pennsylvania with more than 400 employees. The company sells exclusively to independent installers, new car dealers and auto parts stores.
The property, renamed as Ranalli Industrial Park, offers 31-foot clearance heights, extensive loading and trailer storage and a prime location, with frontage at the intersection of I-690 and I-90. The building is adjacent to CSX rail and also offers low-cost municipal power, serviced by the Village of Solvay.
With owner/user United Auto Supply and two other long-term tenants, who will remain in the building, the facility is now 100% occupied.
MetroWest Industrial Center was part of an 11.38 million s/f industrial portfolio purchased in 2007 by a joint venture formed by Hackman Capital Partners, Calare Properties and KBS Real Estate Investment Trust. The bulk of that portfolio–23 buildings, totaling 7.4 million s/f–is located in the Northeast.
Hackman Capital Partners is a privately-held, real-estate investment and operating company that focuses on the acquisition of industrial properties, including complete facilities with industrial equipment. Hackman Capital also targets infill flex buildings, which the company redevelops for creative-office and other commercial uses.
Founded in 1986, Hackman Capital has conducted more than $2 billion in real estate transactions across 41 states—having owned, through affiliated entities, over 400 buildings totaling 35-plus million s/f and 24,000 acres of developable land. Eight million s/f of that portfolio is currently located in the Northeast.
The company is based in Los Angeles, with regional offices in Columbus, Ohio and Boston. It currently employs 82 people and manages 300 major tenant companies nationwide, including Home Depot, Staples, Coca Cola, Lowe’s, Sony and Lego.