Posts by Admin

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.…

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…

LEASE Summary With limited IOS inventory in Capital Region, Culberson was able to procure an off-market deal for a low lot coverage building in a prime location. Deal Size: $1,100,000 Tenant: United Rentals Landlord: Abele Tractor & Equipment Co. Situation Abele Tractor opportunistically acquired a neighboring property off-market to accommodate the expansion of their business.…

MULTI-PROPERTY SALE Summary After over 30 years in business and changing business trends, the ownership engaged in the sale of 3 sites in one of the regions most desirable industrial and commercial corridors. Each site had unique attributes and were sold to different purchasers over the course of 18 months. The overall site was uniquely…

SALE AND LEASE Summary Culberson sold a Northeast Regional investor this asset in 2018. At the time the asset had two leased rolling in approximately 3 year from lease execution with DHL and Cintas. The initial goal with this asset was to make it a single tenant building with a substantial increase in the NOI.…

PORTFOLIO LEASING Summary In 2017 Rosenblum Companies acquired one of the largest Class A and B portfolios in the Capital District. Tyler and Dan were insightful in the initial underwriting of the acquisition and later selected as the exclusive industrial portfolio leasing team. The industrial acquisition included a mix of class A and B properties…

SALE Summary In 2018, PVC Associates sold their window manufacturing business to Vinylmax and retained the real estate. The ownership group identified a desire to sell the building in 2021 as the existing lease was reaching expiration. After listing property Culberson produced 3 competing offers within 2 weeks of listing the property. The final selling…

SALE Summary As the industrial market tightens throughout the Capital Region many industrial users have been forced to consider adaptive reuses. This facility was originally constructed as an indoor soccer facility. It was uniquely positioned in the market with 42 ft clear ceiling heights and clear span construction. Unfortunately the building didn’t have a slab…

LEASE Summary In cooperating with a national brokerage firm, Tyler was able to secure Ferguson Enterprises as a long-term tenant within the facility. The local landlord was satisfied that Ferguson made significant reinvestment in their building to add a showroom and sales counter area in addition to warehouse and exterior improvements. Deal Size: 88,000 SF…

LEASE Summary After Tyler made contact with Duravent, through his exhaustive cold calling routine, a need was identified by the client to expand their manufacturing and distribution footprint to 150,000 square feet within the Capital District. Deal Size: $10,500,000 Client: Duravent Situation Duravent had a need to expand their footprint in the market to 150,000…