Posts by Jill Burks

Deal Type: Lease Deal Size: 278,000 SF – Build to Suit Deal Summary: In partnership with a national tenant representation firm, over ten sites were identified for the 300,000 square foot requirement. These sites included a variety of opportunities throughout the Capital Region. Multiple RFP’s were submitted and negotiated with the conclusion that Schodack, NY was the preferential…

Deal Type: Sale Deal Size: $4,050,000 for 79,625 sf or $51 p/sf Deal 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…

Deal Type: Sale Deal Size: 85,000 sf for $3,300,000 or $39 p/sf  Deal Summary: Culberson was engaged by long time ownership after the potential conversation of a sale arose. Ultimately the building owner sold his business, negotiated a sale/ lease back, and Tyler successfully negotiated a PSA with a regional developer expanding their industrial portfolio. …

Deal Type: Sale Deal Size: 75,000 sf at $5,500,000 or $73 p/sf  Client: PVA  Deal 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…

Deal Type: Industrial Portfolio Deal Size: 2 deals totaling over 36,000 sf, lease valued at over $1,800,000  Client: Abele Builders, Inc. – Commercial Division  Tenant: PVA and LS Power  Deal Summary: In 2020, Abele Builders, were notified that their 15+ year tenant was vacating both building totaling approx 36,000 sf. Tony and Tyler were engaged…

Deal Type: Lease Deal Size: Two deals completed in 2021 totaling over $3,500,000 aggregate lease value Landlord: Logistics One Tenant: PODS, Atlast Foods Deal 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,…

Transaction: Multi-Property Sale Deal Size: 3 separate sales totaling $7,150,000  Client: Albany Park Ride N Fly  Description: 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…

Deal Type: Sale and Lease Deal Size:  $1,700,000 Deal 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…