Savage and Clark of Pyramid represent Buyer in the Purchase of Downtown Syracuse Industrial Facilities in a designated Federal Opportunity Zone.

Date Posted: January 13, 2020

JMA Wireless, a global innovator and manufacturer of 4G and 5G wireless systems, plans to create a campus spanning a city block where they will manufacture the world’s first indoor 5G millimeter wave radio systems. JMA’s new 5G campus will open 100+ new jobs supporting high-tech manufacturing, testing, demos, and production support.

JMA recently purchased the 118,670 SF former Coyne Laundry building at 140 Cortland Avenue, Syracuse, NY and the 87,000 ± SF former Syracuse Stamping facility located across the street at 1054 South Clinton Street.

This assemblage will create the first high-tech manufacturing center in Syracuse Mayor Ben Walsh’s economic strategy dubbed the “Syracuse Surge” through the South end of Downtown Syracuse. The “Syracuse Surge” is fueled with more than $200 million in public and private funding committed already.

From Cushman & Wakefield | Pyramid Brokerage Company Christopher Savage and John L. Clark, SIOR, CRE represented the Buyer in these sale transactions and Jim Laurenzo represented the Seller on the 140 Cortland Avenue transaction.

In relation to this transaction, Mr. Savage and Mr. Laurenzo were recently presented the ‘Deal of the Year’ award at Pyramid’s Syracuse office’s annual meeting where their hard work and dedication to organize and facilitate the sale of multiple parcels to accommodate the needs of JMA Wireless where recognized with this high honor.

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