O wners , D evelopers & M anagers
Real Estate Journal — 5A
M id A tlantic
761-unit multifamily asset draws strong national investor interest Pyramid Brokerage Company and Cushman & Wakefield arrange sale of Nob Hill Apartments S
growth in the education and medical sectors that have ben- efited the community,” said Scherreik. “The multifamily market in Syracuse remains on solid footing and is highly desirable to investors. Nob Hill demonstrates the strength of these market fundamentals as evidenced by consistent historically strong occupancy rates,” added Whitmer. Set on 27.6 acres and offer- ing a mix of one-, two- and three-bedroom apartments, Nob Hill is comprised of four mid-rise apartment buildings, a free-standing clubhouse and an indoor parking garage. Each building features a first- floor community room, storage space for each apartment, and laundry facilities on all the upper floors. On-site ameni- ties include a state-of-the-art fitness center, a playground, a picnic area, fire pits and a large outdoor swimming pool with sundeck. Exit 8a, in the midst of the hot- test industrial market in the state, and there is very little supply in this submarket." Accordia Realty and Ever- West will construct 85 Stults Rd. on 20 acres of land lo- cated adjacent to 83 Stults Rd.. The property will in- clude 36-foot clear ceiling heights, 52 load docks, four drive-in doors, 38 car parking spaces and 75 trailer stalls. Site work has commenced and construction on the new distribution and warehouse facility is expected to be com- pleted in early 2019. In April 2018, One Stop Lo- gistics inked a 10-year lease for the entire 369,000 s/f 83 Stults Rd.. JLL’s Golden rep- resented Accordia Realty and EverWest in the One Stop Logistics lease. One Stop Logistics was represented by Brian DiPinto , direc- tor, with The Blau & Berg Co.
HI-LIGHTS S ept . 28 - O ctober 11, 2018 Pyramid Brokerage Com- pany’s Robert Scherreik, CCIM, SIOR, MCR and John Clark, SIOR, CRE along with Cushman & Wakefield’s East Rutherford-based Capital Governor Carney appoints Williams to Chair Council YRACUSE, NY — Cush- man & Wakefield and Pyramid Brokerage Company have arranged the sale of Nob Hill Apartments, a 761-unit multifamily complex located at 100 Lafayette Rd. in Syracuse. The asset, which traded for $58.5 million, was acquired by a New York State based investor in joint venture with two equity partners.
100 Lafayette Road
Upstate Medical University. New ownership plans to imple- ment a renovation and updat- ing initiative. “This premier residential asset is well-situated in a town that has seen compelling
Markets team of AndrewMe- rin, David Bernhaut, Gary Gabriel, Brian Whitmer , and Ryan Dowd , procured the buyer and represented the seller in the transaction. Nob Hill is one of the larg-
est apartment complexes in Syracuse, ideally located just minutes from major commut- ing corridors, the Syracuse Central Business District, Syracuse University and the area’s largest employer, SUNY
JLL arranges land sale to construct 203,488 s/f distribution and warehouse facility Accordia Realty Ventures, EverWest RE Investors to develop 85 Stults Rd. in Dayton, NJ
DAYTON, NJ — A joint venture between Accordia Realty Ventures LLC and a separate account client of EverWest Real Estate Investors LLC began con- struction on the 203,488 s/f 85 Stults Rd. in Dayton, NJ. Accordia Realty Ventures and EverWest, on behalf of its client, was represented by Joel Lubin, executive managing director, and Bri- an Golden , executive vice president, both with JLL . The pair worked closely with Joseph Romano and Ja- son Bogart , principals, at Accordia Realty, and with Mark Bigarel , senior vice president and head of acqui- sitions, at EverWest, in the acquisition of the site, the planning of the new build- ing and will continue on as the marketing team for the project. The owners acquired the property and the adjacent 83
Aria Development Group acquires prominent corner site in DC
85 Stults Rd. rendering
“Accordia Realty and an EverWest client bought the building and adjacent land in February 2017 with the intention of working with the local municipality to receive approvals for the construction a new distribution and ware- house facility at 85 Stults Rd.,” said Golden. “The risk was buying land that was not en- titled, but the site is adjacent to the New Jersey Turnpike’s
Stults Rd. building fromHer- mann's Services Inc. in Feb- ruary 2017. Accordia Realty and EverWest, on behalf of its client, later signed a sale- leaseback with the logistics and distribution company, al- lowing Hermann's Services to continue to occupy 83 Stults Rd. for one year. JLL repre- sented Accordia Realty and EverWest in both the initial sale and the sale-leaseback.
www.marejournal.com Kleinfelder......................... 11A Lisa Cassidy, ecoImagine. ... 12A Will Rhodin, Walker Consultants.......... 15A Michael Mullin,Integrated Business Systems.................. 9A Scott Sounart, PE,
Made with FlippingBook - Online Brochure Maker