News: Brokerage

Saperston Real Estate brokers $1.425 million for 200,914 s/f

Sears Roebuck & Co. has sold their 200,914 s/f regional distribution center at 420 E. Delavan Ave. corner of Fillmore Ave. to Buffalo Engine Components for $1.425 million. The 12.1 acre site adjacent to the Kensington Expressway was built in 1954. Buffalo Engine is a family owned buyer and distributer of used auto parts to corporate clients. Joe Pellitieri, one of the three owners of the company, said he was attracted to the property due to its location, 16 dock doors, 8 drive-in doors, high ceilings and ample parking. "Through our broker, Howard Saperston, Jr., SIOR of Saperston Real Estate, we looked at more than twenty buildings in the past five years attempting to find the right one This is a perfect building for us," said Pellitieri. Dave Schiller and Ben Kirnie of Pyramid Brokerage represented Sears.
MORE FROM Brokerage

CM&B completes Activate Games’ NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
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
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
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,