News: Brokerage

RAV Properties secures 18,500 s/f for Bus Parts Warehouse ; Hennessy of COR brokers lease

RAV Properties, LLC, a Jamesville-based real estate investment company, completed new multi-year tenancy at 6361 Thompson Rd., a mile south of exit 35 off the NYS Turnpike. Bus Parts Warehouse has been the nation's leading independent distributor of replacement parts and special needs equipment for the school bus industry since 1999. They hold a huge stock of all the commonly needed parts for every bus type, and have a staff of in-house experts that can help customers get those hard to find parts they need to keep their fleets rolling. They also carry a large stock of seat foam and offer custom made seat covers. Customers can get same day shipment for orders placed before 3pm EST, and the company can deliver to the majority of their customers within 1 or 2 days. Customers can register on their webpage (www.buspartswarehouse.com) to order product, and check availability/pricing. Approximately 18,500 s.f. will be the new home for their office, manufacturing and warehouse operations. Tenant improvements have been expertly planned and executed by Zausmer Frisch Construction, Inc. Since 1971, Zausmer Frisch has been a creative, solutions based, leading provider to the CNY real estate industry, completing projects of all sizes and challenges. Dennis Hennessey, SIOR, of COR Brokerage, is the broker of record procuring this multi year tenancy. Financial details are not disclosed.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,