Karner Road, Selina Drive & Post Road, Albany, NY
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 which Tyler and Dan have worked to improve occupancy rates and lease rates on behalf of the landlord.
Deal Sizes: 4,000 - 60,000 SF
Client: Rosenblum Management
Situation
Rosenblum Companies was interested in acquiring a significant Class A and B warehouse portfolio in the Capital Region. Given the significance of the potential transaction, extensive due diligence and underwriting were required.
Strategy
Implement a comprehensive underwriting and future lease up plan.
Result
Culberson and Slote navigated their client to closing and have been successful in increasing occupancy and rental rates through a comprehensive leasing program.