HUDSON VALLEY, NY - BENNINGER LANDSCAPING PURCHASES FORMER VERIZON BUILDING IN NEWBURGH, NY

January 2015 - Cornwall, NY based Benninger Landscaping, Ltd. purchased a 10,724 sq. ft. commercial garage on 3.4 acres at 79-105 Pierces Road in the City of Newburgh from Real Estate Holding Company, Inc. of Fort Plain, NY for a price of $530,000.   The property had been used by Verizon as a garage work center to support its telephone operations since the building was constructed in 1961 until it vacated in July 2013.  The purchaser intends to use the facility to support its growing residential and commercial landscaping business.

The transaction was brokered by Robert W. Scherreik and Brian J. Coleman of Cushman & Wakefield / Pyramid Brokerage Company’s Hudson Valley office in Newburgh, NY