Culberson wins CoStar Impact Award for Sale of the Year for Albany

10 Skyward Drive in Saratoga Springs, New York

By Coleman Applegate, CoStar Research SKS Bottle and Packaging faced unexpected challenges during the COVID-19 pandemic, leaving the Saratoga Springs, New York-based supplier in need of capital. The solution was a sale-leaseback deal that kept the company operating in its existing — and now shared — facility. Constructed in 2018, the industrial processing plant at 10 Skyward…

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1835 Route 9, Schodack, NY

1835 Route 9 Schodack NY

BUILT TO SUIT Summary Deal Size: 161,490 SF Landlord: Scannell Properties Tenant: Amazon Situation Amazon entered the market with a unique requirement necessitating a building pad in excess of 1,800 ft in width. This eliminated many sites based on general site configuration. Scannell had previously negotiated the acquisition of the subject parcel and commenced entitlements.…

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1710 Schodack Valley Road, Schodack, NY

1710 Schodack Valley

BUILT TO SUIT Summary Culberson and Slote utilized their strong market relationships to quickly secure a second location for a repeat landlord and tenant. Deal Size: 278,000 SF Landlord: Scannell Properties Tenant: Amazon Situation Amazon was looking to expand their presence within the Capital Region within a confined timeline. Strategy Scannell Properties has a long…

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586-588 Broadway, Schenectady, NY

586-588 Broadway, Schenectady, NY

BUYER REPRESENTATION Summary Repeat customer FW Webb was looking to open their first location in Schenectady County. Deal Size: 22,000 SF Client: FW Webb Situation FW Webb was looking to open their first location in Schenectady County as part of an Upstate New York expansion. A limited industrial market inventory made this a challenging endeavor.…

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430 Hudson River Road, Waterford, NY

430 Hudson River Road, Waterford, NY Case Study

LEASE Summary This multi-tenant building is located along the growing Hudson River Road industrial corridor.  The property had recently undergone renovations including new LED lights and 2,500 SF of updated office space. Deal Size: 40,346 SFClient: Cass Hill DevelopmentTenant: A Projects Situation AProjects, a third party logistics operator was awarded a contract for the Capital…

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Demand for commercial space driving Bethlehem warehouse projects

1375 River Road, Selkirk, NY Burt Crane site

Standard Brokerage Company is excited to be leasing both sites in the Town of Bethlehem. CSX has one of their largest yards adjacent to our site at 200 West Yard Road. Burt Crane and Rigging has constructed their first 30,000 sf building with approvals commencing on an additional 60,000 sf. This site offers best in market highway accessibility…

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10 Skyward Dr., Saratoga Springs, NY

SALE AND LEASE Summary 100% leased Class A industrial facility located within the W.J. Grande Industrial Park in Saratoga Springs. This newer construction (2018) features ample office space across two floors with higher end finishes, as well as additional production mezzanine in the warehouse area. The site features approximately 16 acres of surplus land allowing…

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