Socia and Robb broker $625,000 sale of Keybank; over 20,000 S/F in Leases by Nave Fehlman, Cannata- LaRocca and Tyminski

Syracuse Property Management Company
Keybank, Cicero, Sutton Real Estate, Deal, Sold
Keybank in Cicero, NY

Multiple agents at Sutton Real Estate Company have completed transactions recently totaling in over 25,000 S/F.

Larry Socia and Dick Robb represented the seller, Keybank in the sale of 3775 Route 31, a 2,652 +/- SF building, in Clay NY for $625,000. The buyer was Pathfinder Bank.

Boston IVF, one of the nation’s most experienced fertility networks, offering world-renowned fertility treatment services, is opening a new state-of-the-art center in Syracuse, NY. The Syracuse Center, opening in May, 2018, will offer its full array of fertility treatment services at the new 10,000 sq. foot center, located at 5792 Widewaters Parkway in Dewitt, NY. Sutton Real Estate Company’s Healthcare Group – including Joseph Lewis, SIOR, Kristen Nave Fehlman and Karen Cannata-LaRocca – worked in collaboration with Newark Grubb to provide site selection for the new Syracuse IVF center, as well as lease contract and negotiation services.

Kristen Nave Fehlman, of Sutton Real Estate Company’s Healthcare Group, represented the tenant, CNY Neurodiagnostics, in a 2,070 +/- SF medical office space lease at Herald Commons, in Downtown Syracuse, NY.

Karen Cannata-LaRocca represented the tenant, Tru Line Collision, in a 3,000 +/- SF retail lease at 121 Plum Street in Syracuse, NY.

Ken Tyminski represented the Landlord in a 2,200 +/- SF lease at 215 North Main Street in North Syracuse, NY.


Midtown Plaza redevelopment moving forward

Syracuse Property Management Company

East Lake Commons Project“East Lake Commons LLC, an affiliate of the Syracuse-based Sutton Real Estate Company, is proposing an 88,000 square foot mixed-use facility at the corner of East First Street and East Cayuga Street. The development, which would include more than 70 apartments and commercial space, was one of a dozen projects receiving funding through the 2016 state Downtown Revitalization Initiative (DRI).”


“Sutton Companies President Louis Fournier III said approval from the planning board would be “a good milestone to meet,” and noted the architectural and engineering drawings are now being finalized. If all goes as planned, Fournier said the company expects to start construction sometime in October.”


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Tenants flock to new loft apartments at former Syracuse knitting mill

Syracuse Property Management Company

“A little more than three months after opening, the 40 apartments at a 111-year-old former knitting factory on Syracuse’s West Side are filled with tenants.


Louis Fournier, president of Syracuse-based Sutton Real Estate Co., said leasing at Harbor Street Lofts began March 1 and leases have been signed for all 40 units. Tenants have moved into 37 of the units, and the remaining three will be occupied within a couple of weeks, he said.”


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Sutton Begins Construction on Two Affordable Housing Renovation Projects in Syracuse

Syracuse Property Management Company

Sutton has recently announced construction has started on the renovation of Valley Vista Apartments, a seven story apartment project located in the Valley neighborhood of the City of Syracuse. Renovations at Valley Vista include new windows, upgrades to the heating & air conditioning system, new kitchens and floor coverings, common area improvements and the conversion of seven apartments to fully accessible ADA apartments. Construction financing was provided by Chase Bank and is expected to take approximately 18 months.


Valley Vista Apartments obtained permanent financing from the New York State Housing Finance Agency and equity financing from Boston Financial Investment Management. The project is being developed by Sutton and Edgemere Development. Architeam is the project architect and Rich & Gardner is performing construction. Part of the redevelopment project included the sale of the property from Valley Vista Associates to Valley Vista, LLC. Sutton Real Estate exclusively represented Valley Vista Associates.