Posts by Tyler Culberson, SIOR

Transaction: Lease  Deal Size: $100,000,000  Client: Scannell Properties  Tenant: Amazon   Description: In representation of Scannell Properties, a 116 acre vacant land site was identified along a growing industrial corridor with excellent highway accessibility. NAI Platform assisted in navigating the municipal approval process for the building in excess of 1M sq. ft. Construction commenced in June…

Transaction: Lease Deal Size: $19,500,000 Client: Scannell Properties Description: After completing an extensive Northeast site search, Mobis Parts America identified three final candidates in Massachusetts and Connecticut. In working with Scannell Properties, Tyler and Dan Slote represented two of the final three sites. South Windsor, CT was identified as the preferential site because of the…

Transaction: Sale Deal Size: $8,300,000 Client: James Hardie Description: After a multi-year 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. Download PDF

Transaction: Lease Deal Size: $10,500,000 Client: DuraVent Description: 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. A complete comparative analysis was done comparing existing building options with new construction.…

Transaction: Portfolio management Deal Size: 4,000 – 60,000 sq. ft. Client: The Rosenblum Companies Description: In 2017, Rosenblum Companies acquired one of the largest Class A and B portfolios in the Capital District. Tyler and Dan Slote were insightful in the initial underwriting of the acquisition and later selected as the exclusive industrial portfolio leasing…

Transaction: Sale and lease Deal Size: $20,000,000 combined value Client: Turnpike Redevelopment Group, LLC Description: 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…

Transaction: Portfolio management Deal Size: 20,000 – 200,000 sq. ft. Client: Heritage Management Deal Summary: Since 2014, Culberson has worked with Heritage Management in the successful leasing program which assisted in taking the vacancy rate from nearly 50% down to 0%. Culberson remains engaged in providing market insight and lease renewal activity. Heritage owns and…

Transaction: Sale Deal Size: $1,700,000 Client: Purchaser representation Description: After intensely canvasing the market Culberson was able to identify this 27,500 square foot 100% leased industrial investment opportunity. At the time of sale, DHL and Cintas were the existing tenants in place. Download PDF

Transaction: Sale  Deal Size: $2,350,000 Client: Kivort Steel Inc. Description: In 2014, Tyler represent the landlord in a single tenant net lease and was later called upon in 2018 to begin marketing the premises for sale after the current tenant was acquired. This facility included nearly 60,000 sf of highbay distribution space and a 7.5…

Transaction: Lease Deal Size: 8,000 sq. ft. Client: Praxair and Buckley Associates Description: After outgrowing their space, Culberson worked diligently to secure Praxair as a new tenant providing adequate yard space and showroom area in their new facility. This relocation occurred after Tyler placed them in their prior facility in the market 6 years prior.…