Coleman & Malone of Pyramid Hudson Valley are 2017 Dealmaker Award Recipients

Date Posted: November 1, 2017

Peter H. Malone and Brian J. Coleman, both of Cushman & Wakefield / Pyramid Brokerage Company’s Hudson Valley office, were recently nominated and chosen by the Hudson Valley chapter of the New York State Commercial Association of Realtors for the 2017 Economic Development Dealmaker Award. Both Coleman and Malone worked with U.S. Crane & Rigging in securing two significant industrial sites in Orange County, NY. The first site that they secured for U.S. Crane & Rigging was the former Kolmar Labs facility located at 100-200 Skyline Drive Port Jervis, NY. This is a 27 acre facility with roughly 130,000 square feet of manufacturing space. The old facility will be dismantled and make way for two 30,000 square foot industrial buildings that will be utilized under a recent permit U.S. Crane & Rigging won from the NYC Department of Environmental Protection to handle a significant amount of NYC construction debris. The Port Jervis facility will cost an estimated $27 million to complete and upon completion, will create 54 permanent jobs. Malone represented the seller with Coleman represented the buyer.

The second location, located at 18 Route 17K in Newburgh, NY and known as the former Manheim Auto auction facility, consisted of 30 plus acres of paved parking and a 34,000 square foot industrial building along with a truck and car wash building. U.S. Crane and Rigging has received approvals to build a 66,100 square foot industrial building which will be utilized for structural steel fabrication purposes. The construction project is valued at $21 million and will create 32 permanent jobs. Malone and Coleman both represented U.S. Crane & Rigging on the purchase of 18 Route 17K. Malone & Coleman credit their 430 Route 209 Deerpark, NY (Orange County) 143,000 square foot manufacturing facility as the initial lead source for the buyer. The 430 Route 209 facility is still available for either lease or sale. The 34,000 SF industrial building at 18 Route 17K, Newburgh is available for lease.

NYSCAR Hudson Valley’s 3rd Annual DealMaker Awards was held on October 25, 2017 at the Orange County Distillery in New Hampton, NY.

‹ Back to News