Posts Tagged ‘upstate new york’

LEASE Download PDF(opens in new tab) 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 SF Client: Cass Hill Development Tenant: A Projects Situation AProjects, a third party logistics operator…

LEASE Download PDF(opens in new tab) 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…

MULTI-PROPERTY SALE Download PDF(opens in new tab) 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.…

SALE AND LEASE Download PDF(opens in new tab) 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…

PORTFOLIO LEASING Click Here(opens in new tab) 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…

SALE Download PDF(opens in new tab) 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…

SALE Download PDF(opens in new tab) 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…

LEASE Download PDF(opens in new tab) 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…

LEASE Download PDF(opens in new tab) 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…

LEASE Download PDF(opens in new tab) 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…