Posts Tagged ‘albany’

SALE AND LEASE Download PDF 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…

PORTFOLIO LEASING Click Here 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…

SALE Download PDF 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…

SALE Download PDF 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…

LEASE Download PDF 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:…

LEASE Download PDF 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…

LEASE Download PDF Summary Northeast regional third party logistics operator was assisted in leasing a portion of the personal real estate portfolio. In under 9 months over 100,000 square feet of space was leased, not only improving the NOI but creating long term tenancy in buildings 3 & 4. Deal Size: Two deals completed in…

SALE Download PDF Summary After a multiyear site search with various complex site components including dual rail access, raw materials sourcing, and various others, James Hardie selected Westfield, MA as the ideal market for their finishing line and distribution to the greater Northeast market. Deal Size: $8,800,000 Client: James Hardie Situation Building material manufacturer James…

SALE AND LEASE Download PDF Summary After Kmart shuttered the location in 2014, Tyler worked with Turnpike Redevelopment Group in the redevelopment of the site. New York State Office of General Services leased 96,000 square feet which was converted to a state of the art office and training center for the Office of Children and…