News

Blake of C&W / Pyramid Brokerage Sells 52,000 SF Saugerties Industrial Building 2nd Time


Date Posted: September 21, 2016

75NoSt_Saugerties

Hudson Valley – Guy Blake, CCIM of Cushman & Wakefield / Pyramid’s Hudson Valley office is pleased to announce the sale of 75 North Street, Saugerties, NY for the second time in 5 years. Blake was the exclusive listing broker of this 52,000 SF Ulster County industrial building in 2011 when it was purchased by Rowley Development Corporation as an investment property. It was net leased to Ametek Corp. at the time but the tenant recently moved the operation to North Carolina, leaving the building completely vacant.

When Blake was informed of the impending vacancy, he reached out to the owners of Archive Fine Art, a Saugerties company that stores, transports and installs art work. They had recently contacted him in search of additional space.

“The timing was perfect,” said Blake, “AFA called looking for space, and a week later I find out that North Street is going vacant. Sometimes it all just falls together like that.”

Guy represented the purchaser in the most recent transaction which sold for $1,350,000 in September 2016.

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