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PRESS RELEASES

bulletThe 27,750SF industrial building located at 6660 Myers Road, Syracuse, NY was recently sold. The former Verizon building was sold to 6660 Myers Road LLC for $460,000. Jim Laurenzo and Jon Sayre of Pyramid Brokerage Syracuse brokered the transaction.

bullet99 Wales Avenue LLC has purchased an industrial facility located at 99 Wales Avenue in the City of Tonawanda, NY from Kimcar LLC. The sale price for the 98,750 SF facility on approximately 7.64 acres was $1.75 Million. Kimcar LLC will remain in the facility as a tenant. This property was purchased as an investment. Rob Cowing of Pyramid Brokerage Buffalo handled the negotiations for the transaction.

bulletUpstate Imports Auto Repair recently purchased the 10,212 SF former Sled Shop property from Allen Brothers LLC located at 9071 Oswego Road, Baldwinsville, NY for $255,000. Tom Lischak, CCIM of Pyramid Brokerage Syracuse brokered this sale transaction.

bulletA 49 Acre parcel located on County Route 57 in Pheonix, NY, owned by Bristol Myers Company, was sold to Oneidaview Pile Driving Inc. John L. Clark, SIOR, CRE represented the seller in this transaction.

bulletThe 58,924 SF professional office building located at 5858 East Molloy Road, Syracuse, NY was sold to Molloy Holding LLC from Kevin Pickard for $555,000. Office suites are still available for lease at competitive prices in this well located professional office. Bill Evertz and Kimani Smith of Pyramid Brokerage Syracuse brokered the transaction.

An 8,000 SF retail building located at 1024 Route 48, Fulton, NY was recently sold. Golden Sun Bus Service purchased the property from Ron Wheeler for $150,000. Greg Hamel of Pyramid Brokerage Syracuse in association with Leah Haggerty of Leah Signature Century 21 brokered the transaction.

435 Creekside LLC has purchased an industrial facility located at 435 Creekside Drive in the Town of Amherst, NY from Creekside LLC. The sale price for the 117,362 SF facility on approximately 10 acres was $2.7 Million. Rob Cowing of Pyramid Brokerage Buffalo handled the negotiations for the transaction.

The new Owner, Creekside, LLC, indicates that there is 500sf to 10,000sf of office space available for immediate occupancy at very aggressive below market rates. Cowing will be acting as Exclusive Agent for the property.

The 19,360 SF, multi-level investment property, located at 640-650 Varick Street, Utica, NY was recently sold. James Fitzgerald purchased the property for $200,000 from Anthony Barone. Anthony Hathaway and Rick Brower of Pyramid Brokerage Utica brokered this sale transaction.

Advocates Inc. recently purchased the 1,543 SF office building located at 214 South Manlius Street, Fayetteville, NY, as well as the 2,659 SF office building located at 300 South Manlius Street, Fayetteville, NY. Michael Kalet of Pyramid Brokerage Syracuse brokered this sale transaction.

JCM Properties recently sold the 6,000 SF building located at 6412 Baird Avenue, Syracuse, NY. Upstate New York Realty Management Group purchased the property in October 2011 for $280,000. Michael Kalet of Pyramid Brokerage Syracuse represented the Seller in association with CB Richard Ellis representing the Buyer in the sale transaction.

George Lee of Pyramid Brokerage Syracuse brokered the sale of a two land parcels totaling 365 acres. Land First Inc. purchased the property located on Route 3 in Canton, NY from the Hiawatha Seaway Council for $487,500.

Anthony Hathaway and Matt Pryputniewicz, represented the Landlord SG Rome, LLC and Rick Brower, represented the Tenant Bruce Elle, in the lease of the 17,300 SF mixed use building located at 218 James Street, Rome, NY.

5123 Transit LLL has purchased a multi-building industrial facility located at 3815 Walden Avenue in the Town of Lancaster, NY from Great Lakes Trading & Distribution, LLC. The sale price for the 33,160 SF facility on approximately 5.73 acres was $650,000.

David Seider & John Mikoley of Pyramid Brokerage Buffalo, handled the negotiations for the transaction. Mikoley represented the Purchasers and Seider represented the Sellers.

An auto service garage located at 188 North Genesee Street, Utica, NY was recently sold. Tow Frederick Street LLC purchased the 3,175 SF property for $163,000. Anthony Hathaway and Matt Pryputniewicz of Pyramid Brokerage Utica brokered this sale transaction.

The former LaBarge Building, located at 6687 Moore Road, Syracuse, NY was recently sold. Kenworth of Buffalo, purchased the 25,665 SF garage-maintenance facility, situated on 2.3 Acres of land in October 2011 for their expanding Syracuse sales and service location. The sale price was $1,300,000 which included a 2,250 SF storage building and 4.32 acre parcel of land across the street. William Colucci of Pyramid Brokerage Syracuse brokered this sale transaction.

Lee Salvetti of Pyramid Brokerage Syracuse recently brokered the sale of a 1,547 commercial property located at 117 Fayette Street, Manlius, NY. Nicholas Panaritas owner of the Wild Orchid purchased the property from Ferguson Family Trust in September 2011. The new owner will be looking for opportunities for this corner of Fayette and Pleasant Streets in Manlius.

Anthony Hathaway and Rick Brower of Pyramid Brokerage Utica brokered the sale of the 17,900 SF professional office building located at 1506 Genesee Street, Utica, NY. Gasnar Corporation purchased this investment property for $250,000.

Donna Marsh of Pyramid Brokerage Syracuse recently brokered the sale of the 1,863 SF professional office building located at 624 South Main Street, Central Square, NY. Ryan Maichak purchased the property from Kevin Abbott for $123,000.

Gary Cottet of Pyramid Brokerage Syracuse brokered the sale of a 100 acre parcel of land. Thomas and Kathy Waddle purchased the property on Hilltop Drive in Phoenix, NY from Richard Burton for $225,000.

Anthony Hathaway and Mark Mojave of Pyramid Brokerage Utica brokered the sale of the 155,000 SF industrial manufacturing facility located at 537 Fitch Street, Oneida, NY. PV Reddy, owner of Nutech BioSciences, an animal nutrition/agricultural company, purchased the building in September 2011 from Hoffmasters Group, Inc.

Jim Laurenzo of Pyramid Brokerage Syracuse brokered the sale of a 2,500 SF commercial property located at 415-421 Burnet Avenue. Drain Masters purchased the building for $77,500. Drain Masters is setting up shop at this new centrally located area of the city to better serve Onondaga County and the city of Syracuse. They have been in this family owned and operated business for over 20 years and specialize in 24 hour emergency plumbing/flooding for residential /commercial property and offer a full range of services.

Matt Weinrieb of Pyramid Brokerage's Rochester office represented Monroe-Orleans BOCES in the negotiation of their new 29,404 SF space at Rochester Tech Park. Moore Corporate Real Estate represented the owner, Tryad Group LLC.

Pyramid Brokerage Rochester office negotiated the sale of the 331,000 SF building at 4545 East River Road, Riverwood Campus. Pyramid represented the owner, Tower Investments, a California based company, and was contacted directly by the buyer, EJ Delmonte Corporation.

John Rogers, SIOR and John Manilla of Pyramid Brokerage Rochester represented Synaptics in the negotiation of their 33,774 SF lease in the Town of Pittsford.

Russo Development Company purchased the former Penske Trucking Facility located at 3710 Milestrip Road from Penske Truck Leasing Company LP. The sale price for the 20,786 SF building was $1,175,000. The purchase enables Russo Development to expand and more centrally locate its business from Springville.

David Seider and Richard Schechter of Pyramid Brokerage Buffalo handled the negotiations for the transaction on behalf of the Purchaser. Peter Jaremka of Militello Realty represented the Seller.

JA Builders LLC recently purchased the 53,951 SF former Muench Kruzer Candle Company building located at 617 Hiawatha Blvd. East. The property sold for $100,000. Christopher Westfall of Pyramid Brokerage Company in association with Sutton Real Estate brokered this sale transaction.

Ear Nose and Throat Specialists of Syracuse PC recently leased space at the professional office building located at 5000 Brittonfield Pkwy. Brian Balash, CCIM of Pyramid Brokerage Company represented the tenant in this lease transaction.

Eisenbach and Ruhnke Engineering PC and Central New York Labor Agency leased space at the professional office building located at 287 Genesee Street, Utica, NY. Anthony Hathaway and Rick Brower of Pyramid Brokerage Company brokered the two transactions.

John Sposato and Carmen Davoli of Pyramid Brokerage Company brokered the lease of a building located at 2322 Court Street, Syracuse, NY on behalf of the tenant Art Johnson, who plans to open a tattoo studio.

Tim Horton's has purchased a former Burger King located at 6933 Erie Road in Derby, NY from Spirit Master Funding II, LLC, a $4 billion REIT. The sale price for the 2,640 SF building on approximately 1.03 acres was $465,000. David Seider of Pyramid Brokerage's Buffalo office negotiated the transaction.

Panera Bread has recently signed a lease to move into space at Arlington Square on Route 44 across from Adam's FairAcre Farms in the Town of Poughkeepsie. They will be joining an impressive list of tenants at Arlington Square, including CVS, Starbucks, AT&T, Rhinebeck Savings Bank, and more!

The bakery-cafe, known for its artisanal breads, sandwiches, soups, and salads was brought to this retail center by Nick Sena and Rene MacPherson of Pyramid Brokerage Company's Hudson Valley office.

Sena and MacPherson have also filled the last 1,400SF unit at Arlington Square with Bella Capelli Salon of Pleasant Valley, NY. Arlington Square is now 100% occupied. Look for both new businesses opening this fall.

Gold Star Gymnastics, owned by Sorin Cepoi and Teodora Ungurean-Cepoi, have opened a new gymnastics school on West Road in the Kirchhoff building in Pleasant Valley NY. Nick Sena and Rene MacPherson of Pyramid Brokerage Company's Hudson Valley office represented Kirchhoff Properties in this transaction and brought these Olympians to Dutchess County for their second location.

Total Environmental Restoration recently leased 3,200 SF of industrial warehouse space at 23033 Murrock Circle, Watertown, NY. Christopher Clark of Pyramid Brokerage Company brokered this lease transaction.

Mark Mojave of Pyramid Brokerage Company represented the Seller, Isabel Nackley, in the sale of an investment property located at 2402 Genesee Street, Utica, NY. Ivan Cortes purchased the multi-family property in July 2011 for $122,500. Coldwell Banker Properties represented the Buyer in this sale transaction.

The 17,500 SF office building located at 1500 Genesee Street, Utica, NY was recently sold. Human Technologies purchased the property from Eaton Street Partners for $232,500. Anthony Hathaway and Rick Brower of Pyramid Brokerage Company represented the Seller in association with Pavia Real Estate who represented the Buyer in this sale transaction.

Bill Evertz of Pyramid Brokerage Company brokered the sale of the 8,200 SF professional office building located at 138 Genesee Street, Baldwinsville, NY. Two members of Family Care of Baldwinsville purchased the medical office property from C&L Development of Baldwinsville for $875,000

Tom Lishcak, CCIM of Pyramid Brokerage Company brokered the sale of the retail/apartment investment property located at 645 Old Liverpool Road, Liverpool, NY. Bruce & Lean Nguygen purchased the 3,412 SF property from Ghassan Hijaz in July 2011 for $175,000. The new owner is moving their current nail salon, Magnolia Nails, now located at 502 Old Liverpool Road to their new building at 645 Old Liverpool Road.

Nancy Meyer of Pyramid Brokerage Company's Hudson Valley office filled up 1,600 of space at Olive Plaza located on Route 28, Shokan NY with Fruition Chocolate, the Catskill region's first and only bean-to-bar chocolate maker. Handcrafting small batches of stone ground chocolate from organic Costa Rican and other single origin cocoa beans is the basis for the range of dark and milk chocolate bars and confections that Fruition will offer, such as Applewood Smoked Chocolate Covered Almonds.

Guy Blake, CCIM of Pyramid Brokerage's Hudson Valley office recently closed the sale of a 52,000 sf industrial building located at 75 North St. Saugerties, NY. The property sold for $800,000 in an all cash transaction. John Lavelle of RJ Smith Realty cobroked the transaction.

The property is net leased to Ametek, a $2.5B industrial products company. The building is 100% occupied by the Rotron Division which manufactures blowers and other air moving devices for use in a variety of industrial applications. The company has occupied the space since 1980, initially on a built to suit, 25 year lease and, more recently, on a series of 5 year renewal options. They employ about 30 people at the site.

"It was a great deal but it took a while to find the right buyer", said Blake, "Most of the lookers were afraid of the short lease term despite the fact that the tenant had been there for 30 years and had just exercised their second renewal option".

"We saw the value immediately", said Lavelle, "It's a good building with a credit tenant paying below market rent".

The transaction began at a NYSCAR (New York State Commercial Association of Realtors) marketing session when Blake presented the property to a roomful of New York Commercial Brokers. Spotting the opportunity, Lavelle presented the property to the investor and a deal was struck.

"That's not the first property I've sold at a marketing session," said Blake, "and it won't be the last."

Guy Blake, CCIM and Nick Sena of Cushman & Wakefield/Pyramid Brokerage Company's Hudson Valley office recently brokered the lease of 63,800 square feet of industrial space at 45 Turner Dr. Middletown, NY for a distribution center. Blake and Sena represented the owner, The Frassetto Companies, while the tenant, Sunwize Technologies, was represented by San Jose based Cresa Partners and Albany based Conley Associates.

SunWize Technologies, a Kingston based solar design and manufacturing firm, produces solar power systems for residential, commercial, and industrial applications, and also provides solar energy design services. Last year, SunWize received the Solar Leadership Award at the 2010 New York Solar Industries Conference and continues to make huge strides in the renewable energy arena. They are currently installing the industry's largest solar carport application of 4.45 megawatts of photovoltaic solar production, making use of more than 18,000 solar panels.

"It's a great building for SunWize", says Blake, "one of very few in the area that has the square footage and ceiling heights they needed".

The 166,700 square foot building is now fully leased to a variety of industrial tenants, including Safelite Auto Glass, Southern Wine and Spirits (also brokered by Pyramid), and Piller, a manufacturer of mission critical power solutions.

Bob Barnes Avenue Auto Parts purchased the retail auto-service building located at 9 Myers Avenue, Yorkville, NY. The 7,210 SF building was sold in July 2011 for $128,000. Anthony Hathaway of Pyramid Brokerage Company in association with Pavia Real Estate brokered this lease transaction.

Fusion Sales Group, a sales and marketing agency to the food service industry, headquartered in Buffalo, NY recently leased 7,500 SF at 6514 Basile Road, East Syracuse, NY. Brian Balash of Pyramid Brokerage Company brokered this lease transaction.

The 4,968 SF retail building located at 7793 Brewerton Road, Cicero, NY was recently sold. Richard Wright and Christopher Doshna purchased the property in July 2011 for $350,000 from H&O Handling Corp. Renovations will be underway for a new tenant that will occupy half of the building with a maternity store concept. The other half is currently available for lease. Joyce MacKnight and Tom Lischak, CCIM of Pyramid Brokerage Company brokered this sale transaction.

The 12,466 retail showroom and warehouse building located at 4235 James Street, East Syracuse, NY was sold to Tile & Stone of Syracuse, a retailer and installer of ceramic tile, marble, granite, limestone and travertine purchased the building for $245,000. They will be relocating from the South Bay Road, North Syracuse location. Gary Cottet and Andy Sindoni of Pyramid Brokerage Company brokered this sale transaction.

Pyramid Investment Properties Group, a division of Pyramid Brokerage Company, recently brokered the sale of a 24 unit apartment complex known as Port Dickenson Manor located on the north side of Binghamton, NY for $800,000. Kevin Besser, CCIM, Executive Director of Pyramid Investment Properties Group brokered the transaction between Kennedy Binghamton, LLC and an undisclosed Buyer. The transaction highlights the value and attractiveness of the upstate market to regional and national investors.

Marley Development purchased the 18,200 SF industrial building located at 3195 Vickery Road, Liverpool, NY. Upstate New York Carpenter's Pension fund sold the property for $1,140,000. Lee Salvetti of Pyramid Brokerage Company represented the Seller and World United Realty represented the buyer in this sale transaction.

George Lee of Pyramid Brokerage Company, represented the Landlord in a 10,000 SF industrial lease at the property located at 1054 Clinton Street South, Syracuse, NY. Hunt Real Estate represented the tenant NRP Properties LLC.

Davidson Chevrolet leased the 37,000 SF retail building at 7113 Dominick Street, Rome, NY. Anthony Hathaway and Rick Brower of Pyramid Brokerage Company represented the Landlord and Prudential Carrucci Real Estate represented the Tenant in this lease transaction.

Anthony Hathaway and Rick Brower of Pyramid Brokerage Company brokered the business sale of the Bizzy Bodies Laundromat located at 335 Oriskany Blvd., Whitesboro, NY. Kingsley Cleaners, Inc. purchased the business.

Pyramid Brokerage's Binghamton office sold 40-42 Court Street in downtown Binghamton, a property with two commercial tenants on the first floor. The buyers have plans to develop the vacant upper stories for student housing. Ian Laskowski and Maureen Wilson, president of Pyramid Brokerage in the Southern Tier, represented the buyers and Leo Jones, a Senior Director, represented the seller. According to Laskowski, who has participated in three recent sales of mixed use buildings, "Buyers are looking for all kinds of mixed use opportunities downtown, from fully developed properties, to those in need of first floor commercial tenants, to others like 40-42 Court Street, needing total rehab of the upper floors for residential occupancy." Laskowski and his colleagues believe this is a healthy sign for downtown development.

Laskowski and Wilson represented the buyers of 40-42 Court in the sale of another property at 29-31 Court, which they had developed for first floor commercial tenants and second and third story student housing units. The buyers of that property also recently purchased a mixed use project at 74 Carroll Street. Pyramid represented the developer of that project, who had converted a former fire house to student housing units with two commercial tenants on the first floor, including the popular Know Theater.

Wilson represented the seller in the sale of 75-77 Court Street, which closed earlier this year. That mixed us property includes six "market rate" apartments, a bi-level town house and two commercial spaces. The new owner is looking for a tenant for the 5,000 square foot commercial space on Court Street. Wilson is optimistic about his prospects given the positive trend in activity downtown and the prospect of some 800 students moving into the three large student housing projects under development in the central business district.

The 84,144 SF former AMF Bowling Center in Chili, NY was sold earlier this year. Jim DeHollander of Pyramid's Rochester office in conjunction with Paul Silver of Thalhimer exclusively listed the property. John Kaman found the buyer, a local developer.

Daniel O'Neill, SIOR of Pyramid's Rochester office brokered the lease of 7,440 square feet to the Dormitory Authority of New York and Finger Lakes DDSO. Originally referred to Pyramid from C&W of Long Island, the client reviewed multiple options and chose a building in Lakeville, NY renovated to suit the use of the tenant.

The 641,000 SF former Syracuse China Facility, located at 2801 Court Street Road, Syracuse, NY was sold to Amparit Industries, LLC. The new owners purchased the property with the intention of demolishing the older sections of the building and re-developing approximately 200,000 SF for warehousing or manufacturing uses. Paul Mackey and Gary Cottet of Pyramid Brokerage Company exclusively represented the sale and marketing of the property on behalf of the Syracuse China.

Blue Sky Development purchased the former Dan Pedro Restaurant, located at 2205 Buffalo Road, Rochester, NY. GE Capital Franchise Finance Corp. sold the 5,700 SF building situated on 1.75 Acres. Blue Sky Development plans to open their 2nd Quaker Steak & Lube restaurant. The Lube offers classic decor of racing memorabilia, cars and motorcycles while also offering great food, drinks and excellent service and the predominately known Quaker Steak & Lube Best Wings in the USA. Renovations on the site are currently underway with a 3rd quarter expected opening date. Bill Evertz of Pyramid Brokerage Company Syracuse exclusively represented Blue Sky Development to acquire their new franchise location.

David Farrington of Pyramid's Rochester office brokered the lease of 78,560 square feet to NOVA Records Management. NOVA Records, originally referred to Pyramid from C&W of New Jersey, reviewed multiple options to relocate the business to a 40,000 SF space but ultimately negotiated a lease to stay in Pixley Industrial Park.

Steven Safford of Pyramid Brokerage Rochester represented the buyer in the sale of the 111,733 square feet Meikle building at 400 Trabold Road in Rochester NY. The TCS Industries purchase avoided foreclosure for the owner who was represented by CBRE.

The 9,216 SF former boxing training facility, located at 327 Water Street, Syracuse, NY was sold to Synapse Partners LLC for $350,000. Alex Lischak and William Colucci of Pyramid Brokerage Company Syracuse represented the seller, Erie Canal Museum and Doug Shepard of CNY Alliance Realty represented the buyer. The Synapse platform of companies provides business advisory services to create financial and operational value for their clients and partners business models, and forms the junction between complex business issues that can inhibit the success of a venture and provides the expertise and tools necessary to achieve the distinct business objectives of their partners, clients and investors. For more information on Synapse Partners LLC, visit www.synapsepartnersllc.com.

The 3,920 SF industrial building located at 506 Gordon Avenue, Syracuse, NY was sold in to investor Cambridge Properties, LLC for an undisclosed amount. Bill Evertz and George lee of Pyramid Brokerage Company Syracuse represented the Seller Skytop Realty LLC and Marty Merola of Sutton Real Estate represented the buyer. The property was then leased to Buffalo Bio Diesel, Inc. of Buffalo, NY. Buffalo Bio Diesel will be using the property for storage and distribution. Pyramid Brokerage Agent Bill Evertz, exclusively represented the landlord for the lease transaction.

Alpha Scents, Inc., a manufacturer of light weight insect traps, purchased the 1,740 SF industrial flex building located at 6305 Meade Road, Syracuse, NY. Ralph DeStefanis sold the property for $82,000 in February 2011. Gary Cottet and Mark Mojave of Pyramid Brokerage Company brokered this sale transaction.

Eric & Kendalia Edelman recently purchased the 6,870 SF retail building located at 200 Brooklea Drive, Fayetteville, NY. 200 Brooklea Associates sold the property in February, 2011 for $440,000. Kendalia Edelman is relocating her Miracles Hair Studio from Fayetteville Square shopping center to their new freestanding building in the heart of Fayetteville's historic Limestone Plaza District. Gary Cottet of Pyramid Brokerage Company brokered this sale.

Three recently brokered leases include 4000 SF at Basile Rowe in East Syracuse by John Sposato, 30,625 SF industrial warehouse and showroom in Syracuse by Gary Cottet and Jim Laurenzo and 3,720 SF of industrial warehouse space in Syracuse also by John Sposato.