Case Study
Upstate New York – Multiple locations
Deal Type: Lease Deal Sizes: 50,000 – 80,000 SF Assignment: Tenant Representation Deal Summary: Four Tenant Rep Industrial assignments throughout New York State. Two of the four deals ended up going to off market opportunities which would not have been feasible with national brokerage services only looking for publicly listed sites. All four had significant parking and unique…
Read More1710 Schodack Valley Road, Schodack, NY
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…
Read More107 Pierce Road, Clifton Park, NY
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…
Read More12 Elmwood Road, Menands, NY
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. …
Read More6 Corporate Drive, Halfmoon, NY
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…
Read More5 & 13 Corporate Drive, Halfmoon, NY
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…
Read More3 Grande Boulevard, Buildings 3 & 4, Saratoga Springs, NY
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,…
Read More264, 271, and 272 Wolf Road, Latham, NY
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…
Read More292 Wolf Road, Latham, NY
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…
Read More1835 Route 9, Schodack, NY
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…
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