PRESS RELEASES

3 New Tenants at Kmart Plaza. Three new tenants were welcomed into the Kmart Plaza in Mattydale, NY. Continental School of Beauty, offering cosmetology, esthetics, nail and waxing courses, as well as spa services to the public, leased 15,000 ± SF and Dancin Kats Dance Studio, offering a variety of dance classes including Zumba classes, has moved from their location from Maines Plaza on Main Street in North Syracuse, to their new 3000 ± SF location at Mattydale Plaza. Bill Evertz of Pyramid Brokerage Company, brokered these lease transactions on behalf of the Landlord Mattydale Commons LLC. Also within K-mart Plaza, Royal Fiberglass Pools, a supplier of pool and spa supplies, took 15,000 ± SF on a land lease next to Thee Amish Market. Bill Evertz of Pyramid Brokerage Company represented the Landlord and Alex Lischak, also of Pyramid Brokerage Company represented the tenant in this lease transaction. A forth lease has been signed and renovations are under way to the former auto service center 7500 ± SF space within the plaza. The tenant has not yet announced but opening is scheduled around August 1, 2010.

Land Parcel Sold for Retail Development. A 1.1 acre parcel of land located at 1915 Erie Blvd East at the corner of Peat Street, Syracuse, NY was sold for $330,000. Skyline Development purchased the site for a retail development yet unannounced. Lee Salvetti of Pyramid Brokerage Company represented the Buyer and Mark Rupprecht of CBRE represented the Seller S&W Development in this sale transaction.

Investment Property Sold at Auction. The 264,000 ± SF, multi-tented warehouse building located at 6361 Thompson Road, Syracuse, NY, sold at auction. RAV Properties, purchased the investment property, that was 80% occupied at the time of the sale, for $942,000. Bill Colucci of Pyramid Brokerage Company represented the Seller, LBCMT 1999 C2 East Syracuse LLC, in this sale transaction.

Pyramid Brokerage Company Sells Former Sam Dell Jeep Property. The former Sam Dell Jeep, located at 7800 Brewerton Road, Cicero, NY was sold. Northern Properties purchased the 27,284 ± SF property from Route 11 LLC as an investment for $1,000,000. Carmen Davoli and Tom Lischak of Pyramid Brokerage Company brokered this sale transaction.

Pyramid Brokerage Company Brokers Leases for Dollar General. Dollar General has opened its fifth Ulster County store. The 9,400 square foot store is located in the former IGA shopping plaza on Route 9W in Port Ewen, New York. Guy Blake, CCIM, of Pyramid Brokerage Company's Hudson Valley office brokered the deal. “It’s a perfect spot for Dollar General,” says Blake, “they like to be in between the residential neighborhoods and the major area shopping corridor so that people who only need a few items will stop at Dollar General instead of dealing with the traffic and lines at the big box grocery stores.”

Dollar General is the largest general merchandise discounter in the country with 8,720 stores in 35 states and annual sales of $10.5 billion. The other Ulster County stores are in located in Saugerties, Kingston, Marlboro and Ellenville. Blake was responsible for all but the Ellenville location.

“They’re always looking for new sites,” says Blake, “Even in this economy, they’re doing very well because of their pricing structure.”

Pyramid Brokerage Company unveiled a website designed for mobile phone users this week. "We noticed a significant increase in visitors using cell phones and decided to create a better experience for them", said Robert Berkey, Pyramid's COO. The new site will meet the needs of a growing mobile audience and provide even greater value for Pyramid's exclusive clients. And users won't need a specific phone model - any phone with a mobile browser can access it.

While researching the project, Pyramid looked for examples of other commercial brokerage sites but found only one - and it didn't offer a property search. Residential brokerage examples were more prevalent but sill, less than half had a mobile site. "I'm pretty confident in saying that Pyramid Brokerage is the first commercial brokerage to offer a mobile search site," said Berkey.

Users can select an office location and type in a street name to find properties for sale or lease. Berkey said they envisioned someone seeing one of Pyramid's signs and wanting more information on the property or to contact the agent directly. The site also contains information about the company and its services.

Access the site from your cell phone at mobile.pyramidbrokerage.com or via a link from Pyramid's website at pyramidbrokerage.com.

Peter Struzzi, SIOR, of Pyramid's Albany Office, brokered a 20 year lease of a former bank in Troy, NY. The 1,600 SF stand alone building on Leversee Road will become the new branch office of Hudson River Community Credit Union.

Pyramid Brokerage Company Brokers Sale of Historic Page’s Whistle Pig Restaurant in Niagara Falls, NY. The landmark Page’s Whistle Pig Restaurant located at the busy intersection of Military/Packard/Porter Roads in the Town of Niagara, NY has been sold to a local investment group that plans to carry on and improve the original Whistle Pig tradition. The 1.65 acre corner site housing 3 separate buildings was sold for $525,000. Ben Borruso of Pyramid's Buffalo Office handled the negotiations for the Buyer.

Pyramid Brokerage Company Completes Sale of 194,240 SF Manufacturing Building in LYONS, NY. John Manilla and Dave Farrington, in conjunction with NAI MLG Commercial, have completed the sale of the former School Specialty facility at 1 Paliotti Parkway to Silgan Containers Manufacturing. Pyramid Brokerage Company was engaged by NAI MLG in September of 2008 to market the facility for sale, after successfully subleasing a School Specialty space in 2006 and finding new space in Fairport, NY in 2007. Over several months, John and Dave were instrumental in persuading Silgan to purchase a building in order for them to consolidate all storage requirements under one roof with additional room to facilitate growth.

Tanger Factory Outlets will soon begin construction of 317,000 ± sf outlet center on a 52 acre parcel of land purchased in October 2009,located on Arrowhead Blvd at Interstate 40/85 exit 154, in Mebane, NC. Approximately 80 brand name and designer outlet stores are slated for the new outlet center, including Saks Fifth Avenue OFF 5th, Banana Republic Factory Store, Coach Factory, Gap Outlet, J. Crew, Michael Kors, BCBG/Girls, Nike Factory Store, Tommy Hilfiger and many others. Construction is expected to be completed in late 2010. George Lee of Pyramid Brokerage Company of Syracuse, NY and Sam Munday, with NAI Piedmont Triad, represented the sellers, Stokes Land Group of Jacksonville, FL and John J. Foley of The Westminister Group Inc. represented the buyer in this sale transaction of the 52 acre parcel.

Pyramid Brokerage Company Completes Sale of Former Frontier Chevrolet at 2915 Niagara Falls Boulevard in Amherst, NY. CarStar Automotive to relocate its current facility and has purchased the approximately 20,000 square foot former car dealership building located on approximately 5 acres in the Town of Amherst from General Motors. The sale price was $1.85 million. Richard Schechter and Ben Borruso of Pyramid Brokerage Company, a Cushman & Wakefield Alliance Member, in cooperation with Jones Lang LaSalle, represented General Motors in the negotiations. Additionally, Pyramid has been retained by Gillogly Chevrolet to handle the disposition of their 54,884sf facility located at 1777 Union Road in West Seneca, NY.

Linda McShane of Pyramid Brokerage in cooperation with Allcom Commercial broker sale of former Iron Age distribution facility. The 175,000 ± SF former Iron Age distribution facility, located at 240 North Avenue in Penn Yan, NY, was sold in August 2009 to Krog Corporation for $650,000. The Krog Corp. is a design/build firm specializing in general contracting, construction management and development services. The company's project portfolio includes virtually every area of the construction market and is comprised of design and construction projects for new and renovated facilities in the commercial, industrial, educational and institutional sectors.

Based in Orchard Park, NY with another office in Corning, NY, this new location will provide heated and unheated warehouse space for lease, in short supply in the Penn Yan area. Currently one tenant occupies approximately 75,000 ± SF and up to 100,000 ± SF of warehouse is available for lease. Linda McShane with Pyramid Brokerage Company represented the seller, Iron Age Corporation and Allcom Commercial Brokerage represented the buyer in this sale transaction.

Wegmans Food Markets, Inc. purchased the 15,000sf building located at 15 Link Drive, Kirkwood, NY for a data operations center. Susan Millham of Pyramid Brokerage Company represented the Seller, Boston Semiconductor Laser, Inc. and Maureen D. Wilson, CCIM, SIOR of Pyramid Brokerage Company and Dennis Hennessy of COR Brokerage, Inc. represented the Buyer in this sale transaction.