Case Studies

BUILT TO SUIT Summary Deal Size: 1,012,000 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.…

SALE Summary A large developer in the Capital Region was looking to dispose of a long held industrial asset in a quick and efficient process.  With minimal inventory of actively marketed properties, Culberson was able to source multiple buyers prior to public marketing of the site. Deal Size: 64,908 SF, $5,200,000 Seller: Columbia Development Properties…

BUILT TO SUIT Summary Soleno Inc, a leading manufacturer of water management solutions was looking to establish a U.S. operation for production of large diameter pipes for storm water management. Deal Size: 50,000 SF with 20 acres of yard space Landlord: Munter Enterprises Tenant: Soleno, Inc Situation Soleno was searching for its first US location…

SALE AND LEASE Summary With limited industrial inventory, Culberson was able to source the deal prior to public marketing. Deal Size: 161,490 SF Seller: Canopy Growth Purchaser: Green Mountain Electrical Supply Tenant: Rogers Service Group Situation Green Mountain Electric Supply was in need of a centralized distribution facility. Culberson was able to source off market…

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…

BUILT TO SUIT Summary New Class A construction offers flexibility to build to suit tenants needs. Newburgh Commerce Center is located in Orange County, NY which is the fastest growing industrial market in the Upstate Region. Site work to commence Spring of 2022 and 72,000 sf has been preleased. This location offers premier accessibility via…

LEASE Summary After completing an extensive Northeast site search, Mobis Parts America identified three final candidates in Massachusetts and Connecticut. In working with Scannell Properties, Tyler and Dan represented two of the final three sites. South Windsor, CT was identified as the preferential site because of the developer’s capability to deliver the site to meet…

PORTFOLIO LEASING Summary Since 2014, Culberson has worked with Heritage Management in the successful leasing program which assisted in taking the vacancy rate from nearly 50% down to 0%. Culberson remains engaged in providing market insight and lease renewal activity. Heritage owns and manages millions of square feet of industrial space through out the Northeast.…

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…

TENANT REPRESENTATION Summary Four Tenant Representation Industrial assignments throughout New York State. Two of the four deals ended up going to off market opportunities which would not have been feasible with national brokerage services only looking for publicly listed sites. All four had significant parking and unique location requirements making this site search more challenging.…