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| Salina Meadows Office Park, Syracuse, NY |
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| Rob Rizzi |
NEW YORK, NY, June 21,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the $15.75 million sale of Salina
Meadows, a four-building, 239,320-square-foot, Class A office park in
Syracuse, New York.
HFF marketed the asset on
behalf of the owner, Second City Real Estate.
A local investor, who owns 250 South Clinton, among other Syracuse
properties, purchased the asset.
Salina Meadows consists of
200, 220 and 231 Salina Meadows Parkway and 301 Plainfield Road, which are
collectively 85.2 percent leased.
Major
tenants at the park include Traveler’s Indemnity Co., Mutual of Omaha Insurance
Co., Walgreen Co. and Acadia Insurance Co.
The property features large, efficient floor
plates; expansive windows; ample parking (1,225 spaces); a fitness center;
common conference facilities and a full-service café/deli.
Situated on 21.61 acres at the crossroads of
Interstates 81 and 90, Salina Meadows is convenient to downtown Syracuse,
Hancock International Airport and DestinyUSA Mall.
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| Jose Cruz |
The HFF investment sales
team representing the seller was led by managing director Rob Rizzi, senior managing director Jose Cruz, managing director Kevin
O’Hearn, director David Fowler
and associate director Michael Oliver.
“Salina Meadows is one of
the premier office parks in Upstate New York.
The offering presented an investor with a well-leased, cash flowing
asset at an exceptional cost basis with a strategic location in the Syracuse
market,” said Rizzi.
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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