Case Studies

INDUSTRIAL PORTFOLIO Summary In 2020, Abele Builders, were notified that their 15+ year tenant was vacating both  building totaling approx 36,000 sf. Tyler was engaged and after just 6 months was able to secure one tenant for each building. Each Tenant made significant reinvestment in critical infrastructure within the building for unique flex/industrial uses. Deal…

SALE Summary Flex industrial building situated along the desirable Railroad Avenue industrial corridor. The property features a fenced in yard with loading at both ends of the building allowing flexibility with configuration. A portion of the space is currently built out with sales counter/showroom space and office space. Deal Size: 14,400 SF Seller: VP Supply…

TENANT REPRESENTATION Summary Extreme Moulding was unexpectedly forced to relocate from a space they have occupied since 2002 in the Watervliet Arsenal. Culberson successfully secured 35,000 SF within a half mile of their current facility. Deal Size: 35,000 SF Tenant: Extreme Molding Situation Extreme Moulding was given short notice to relocate their facility. Their business…

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…