New Regional Distribution Center Development

Size: px

Start display at page:

Download "New Regional Distribution Center Development"

Moris Patrick
6 years ago
Views:

com Daniel Slote Office 518 465 1400 ext. 213 DSlote@naiplatform.

1 New Regional Distribution Center Development SCHODACK, NEW YORK Tyler Culberson Office ext. 228 Daniel Slote Office ext Corporate Woods Boulevard, Suite 100 Albany, New York naiplatform.com

73± Acre Regional Distribution Center Commerce Park About the Site Schodack, New York is located in Southwest Rensselaer County just 10 miles South of

Other distribution users find this corridor attractive because of its proximity to highways, tandem trailer access, and a readily available labor force.

to other local market pricing. The site will be entitled for up to 1.2± million square feet of build-to-suit opportunities.

The numerous economic benefits of the site include a cooperative business friendly community, various economic incentives from both Rensselaer County

2 73± Acre Regional Distribution Center Commerce Park About the Site Schodack, New York is located in Southwest Rensselaer County just 10 miles South of Albany, NY. The subject property is located along US Route 9; a four-lane State highway with a center turning lane. Other distribution users find this corridor attractive because of its proximity to highways, tandem trailer access, and a readily available labor force. This site offers an opportunity to take advantage of the corridor s positive distribution characteristics and aggressive pricing schedule in comparison to other local market pricing. The site will be entitled for up to 1.2± million square feet of build-to-suit opportunities. Enclosed in this package are two concept plans indicating possible opportunities to suit user s needs with multiple concept footprints available. The numerous economic benefits of the site include a cooperative business friendly community, various economic incentives from both Rensselaer County Industrial Development Agency and Empire State Development, minimal municipal economic impact fee s, and working with a developer with a proven track record; Scannell Properties. To Albany EXIT 11 SITE To NYC EXIT 12 DISTRIBUTION CENTER To Boston The information contained herein this publication has been given to us by the owner of the property and/or by other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. naiplatform.com

3 Existing Distribution Centers SITE

The Capital Region ALBANY, NEW YORK Welcome to the New York State Capital The Capital Region, refers to the metropolitan area surrounding Albany, the capital of New York State.

4 The Capital Region ALBANY, NEW YORK Welcome to the New York State Capital The Capital Region, refers to the metropolitan area surrounding Albany, the capital of New York State. With a population of 1,170,483 in the 13 county region, the Capital District is the third largest metropolitan region in the state and the 45th largest in the country. A variety of Fortune 500 Companies call the Capital Region home including General Electric and Globalfoundries. The Capital District has emerged as a major anchor of the Tech Valley the nickname describing the technologically-focused region of eastern New York State. The seat of the State Capitol in Albany has helped insulate the region from economic contraction experienced in other parts of the Country. The region currently has an unemployment rate of approximately 4.6% and is stabilized by State Government, a large educational sector, and substantial health care presence ( In 2009, chip-maker GlobalFoundries broke ground on a $5 billion chip manufacturing complex in nearby Malta and has grown to a $10 billion investment. In 2010, Forbes ranked Albany fifteenth on its Most Innovative Metros list. In late 2010, the Capital District was noted for being one of the fastest growing areas in the country for technology jobs. The industrial vacancy rate for Class A product is below 5% with extremely limited product inventory over 100,000 square feet. Other regional distribution centers include Target (2 facilities), Walmart (2 facilities), Ace Hardware, RailEx, Hannaford, Ferguson, Sealy Mattress, Serta Mattress, Empire Merchants North, DuraVent, Comfortex, Owens Corning, General Electric, and more.

5 Location Driving Distance from Schodack, NY to: New York City Boston Hartford 150 miles 170 miles 110 miles Philadelphia Montreal Baltimore 230 miles 220 miles 330 miles

6 Price $4.50 Per square foot NNN Additional economic incentives available Site Facts Parcel Size 73± total acres Various pads available to suit user requirements Building Size Buildings ranging from 150,000 square feet up to 900,000+ square feet in a single foot print Building Specifications Time Line 32+ Foot clear ceiling eights 50 x 50 ft. or greater column spacing ESFR fire sprinkler system Tilt wall concrete exterior construction Complete building specifications available upon request The town of schodack has worked expeditiously with other nearby sales and distribution center in approving allowable uses in 4-6 months Public Utilities 12 water main at US Route 9 800,000 gallons per day available with the potential expansion up to 1,500,000 gallons per day Distance to Highway 1 Mile to I-90 Exit 11 2 Miles to I-90 Exit 12 / B1 interchange with Berkshire Spur Portion of site offers highway visibility as indicated on the enclosed concept plan Local Amenities As indicated on the enclosed aerial map, this site offers all basic amenities distribution users may require. Pilot Travel Center provides a full-service travel center. Dunkin Donuts and the Schodack Diner offer two local food establishments and Trustco Bank offers a local financial institution.

7 Concept Plan 1 Highway Visibility

8 Concept Plan 2 Highway Visibility

productivity, while delivering the highest quality construction at the most competitive cost.

9 About the Developer Scannell Properties is one of today s leading build-to-suit developers. Their proven turnkey development model ensures that they consistently meet their client s unique business needs by providing innovative building solutions that improve operational efficiencies and productivity, while delivering the highest quality construction at the most competitive cost. This client-focused approach results in approximately 70% of their business coming from repeat corporate customers. Scannell s history of successful commercial real estate development projects over the past 25 years can be attributed to their experienced leadership, internal expertise, client-focused relationships and fiscal responsibility. As a privately owned real estate development and investment company, Scannell Properties has completed development projects in 44 states and 3 Canadian provinces.

Daniel Slote o 518 465 1400 ext 213 f 518 465 1441 c 518 322 9752 DSlote@naiplatform.com Tyler Culberson o 518 465 1400 ext 228 f 518 465 1441 c 518 857 0586 TCulberson@naiplatform.

10 Daniel Slote o ext 213 f c DSlote@naiplatform.com Tyler Culberson o ext 228 f c TCulberson@naiplatform.com Experience & Expertise Combined, Slote and Culberson make up the Industrial Team at NAI Platform. Individually and as a team they have worked their way to the top of the Capital District market brokering some of the largest industrial transactions over the last decade. As lifelong residents, they both have strong local ties to Southern Rensselaer County. Recently, Slote served as President of the Rensselaer County Chamber of Commerce and in 2015 Culberson was selected as Industrial Expert panel member for the Annual CIREB An Insider s Look Event for his knowledge and experience in industrial real estate in the Capital District. Notable Transactions Meet the Industrial Team In 2015, the duo represented Scannell Properties in completing a 292,000 square foot build-to-suit industrial lease with Scannell Properties as the landlord and Mobis Parts of America as the tenant Local Resources Town of Schodack: Dennis Dowds, Supervisor Nadine Fuda, Director of Planning & Zoning Empire State Development: Arnie Will, Capital Region Rensselaer County Industrial Development Agency: Robert Pasinella, Executive Director

11 NAI Platform delivers superior results for our clients. We meet and exceed their commercial real estate needs through a team of specialized experts. Our professionals possess extensive knowledge and experience of the industry s intricate nuances, helping our clients surpass their goals. We deliver a range of diversified services at an unparalleled value. 14 Corporate Woods Boulevard Suite 100 Albany, New York USA naiplatform.com

UP TO 80,000 SF OF PRIME OFFICE SPACE AVAILABLE

UP TO 80,000 SF OF PRIME OFFICE SPACE AVAILABLE NEW RATE - $13.00 P.S.F., FULL SERVICE LOCATED IN THE HEART OF HAMPTON ROADS, VIRGINIA Suites available from 10,000 s.f. to 80,000 s.f. on second floor 2000