News: Brokerage

Salomone of Houlihan Lawrence Commercial Group closes on $2.49 million sale of 29,000 s/f

Brewster, NY Steven Salomone of Houlihan Lawrence Commercial Group recently closed on a $2.49 million sale.

Steven Salomone, <a class=Houlihan Lawrence Commercial Group" width="150" height="150" /> Steven Salomone, Houlihan Lawrence Commercial Group

A veterinary neurologist and primary care specialist plans to repurpose an existing 29,000 s/f former software distribution center and warehouse as a new specialty care center for veterinary medicine. The veterinary medical facility which will house 16 veterinary specialists including cardio, pulmonary, oncology and orthopedic, all of whom will supply both on-site and ambulatory services to the entire region. This will be the first specialist facility of its kind in the area.

“This is a great example of what can be achieved with a creative approach to underutilized real estate around our region.” said Salomone, director of real estate investments at Houlihan Lawrence. “This is exactly how we can jump start the local economy. The adaptive reuse of older buildings into newer and varied uses that meet current needs is a formula for economic success.”

The repurposing of this warehouse, or flex building, will bring an estimated 50 new full time jobs into the community and existing utilities will be upgraded to more energy and cost effective ones. The veterinary medical facility will open in Q1 2017.

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