Fournier Appointed Receiver for Two Hotels in Cortland

Syracuse Property Management Company

 “A court-appointed receiver has been placed in charge of the Ramada Inn and Red Roof Inn motel complex in Cortland and has started rehabilitating the property foreclosed upon in February for failing to pay more than $300,000 in local property taxes and federal income taxes. The property had fallen into disrepair in recent years and 40 of the 150 rooms in the Ramada Inn had been closed because of water damage from a leaking roof, said the receiver, Louis Fournier of Syracuse-based Sutton Real Estate Co. Fournier was appointed receiver by the state Supreme Court in Cortland County in February and began his work March 1.”

 

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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.

 

Sutton Real Estate brokers four sales totaling $1.885 million

Syracuse Property Management Company

Bart Feinberg and Kristen Nave Fehlman brokered the sale of 1035 7th North St., a 24,000 s/f professional office building for $1 million. Feinberg brokered the sale of 201 Yates St., a 12-unit apartment building located in East Syracuse. It sold for $255,000. Ken Tyminski brokered the sale of 242 West Genesee St., a 10,000 s/f office building located in Syracuse. It sold for $525,000. Feinberg represented a 2,656 s/f office tenant in a lease renewal at 890 7th North St. Feinberg and Karen LaRocca represented the owner in the sale of 2731 Brundage Rd. in Baldwinsville. It sold for $205,000.

 

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Harbor Street Grand Opening

Syracuse Property Management Company

Harbor Street Lofts

Ribbon Cutting for the newly refurbished Harbor Street Lofts located at 710 Emerson Avenue, took place on Tuesday, 6/20/17. Sutton worked with New York State Homes & Community Renewal to take this former knitting factory and create 40 high-quality loft apartments that appeal to a wide range of Syracuse residents. Individuals and small families, as well as seniors, call Harbor Street Lofts their home due to many accessible features, affordable rental rates and proximity to commercial services & Downtown Syracuse.

 

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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