News: Brokerage

Sutton Real Estate Co. brokers three leases totaling 24,678 s/f

Camillus, NY Sutton Real Estate Co. has completed three leases totaling  24,678 s/f of class A office space. 

Joseph Lewis, SIOR, and Kristen Nave Fehlman represented Camillus Mills LLC for the lease of 7,452 s/f of custom designed office space for the corporate headquarter relocation of Hearth Management. Bill Anninos of CBRE Syracuse represented Hearth Management. Camillus Mills is a historic adaptive reuse project of the former Camillus Cutlery industrial plant, consisting of 29 residential loft apartments, and 8,500 s/f of commercial space. Hearth Management is a privately owned and operated management and development company based in Syracuse. 

Joseph Lewis,
Sutton Real Estate Co.

 

Kristen Nave Fehlman,
Sutton Real Estate Co.

 

Bart Feinberg,
Sutton Real Estate Co.

 

Lewis and Dick Robb of Sutton represented Franklin Properties LLC for the lease of 3,726 s/f of office space in The Foundry, 432 N. Franklin St. to Crown Risk Management LLC (CRM). Josh Podkaminer, SIOR and president of JWP Commercial LLC, an independent, full service commercial real estate firm in Syracuse, represented CRM. 

Lewis and Robb represented Franklin Properties for the lease of 13,500 s/f of office space in the Lofts at Franklin Sq. to Bankers Healthcare Group. Bart Feinberg, director of brokerage at Sutton represented Bankers Healthcare. The Lofts is a 140,000 s/f historic adaptive reuse of the former OM Edwards Factory in the Franklin Sq. neighborhood of Syracuse. 

Bill Anninos,
CBRE Syracuse

 

Dick Robb,
Sutton Real Estate Co.

 

Josh Podkaminer,
JWP Commercial LLC

 

Since 1988, Hearth Management has managed, consulted and owned numerous senior living, personal care, assisted/enriched living, and memory care communities. Currently, Hearth Management’s owns and/or operates 15 Hearth Premier Senior Living & Memory Care communities offering independent living, assisted/enriched living and memory care to more than 1,800 senior residents in New York, Connecticut, Indiana and Tennessee.

CRM is an organization formed to assist employers with the development and implementation of sound employee benefit programs, qualified retirement plans and property and casualty programs.

Bankers Healthcare Group, with offices in Syracuse, New York City and Ft Lauderdale Florida, is a trusted financial partner focused exclusively on providing innovative solutions to healthcare professionals nationwide. The Lofts location is Bankers’ third recent expansion in the Syracuse office market, a 2017 winner for CNY Business Journal’s “2017 Best Places to Work Award.”

Established in 1933, Sutton represents the gold standard in commercial real estate. As the most experienced full-service, independent company in the region, we know the commercial real estate landscape inside and out. Our team of intelligent, connected and seasoned experts holds deep expertise in all disciplines, including brokerage, property management, development and temporary receivership. In addition to national accreditations, affiliations and memberships, many of our specialists enjoy powerful connections at the local, regional and national levels. This has allowed us to build a network that’s simply unmatched in breadth, depth, and success. 

 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.