News: Brokerage

Ciminelli Real Estate leases 80,000 s/f facility at 475 Cayuga Rd. to Dunn Tire

Ciminelli Real Estate Corporation completed a deal with Dunn Tire to relocate and expand their headquarters and main distribution facility to Airport Commerce Park at 475 Cayuga Rd. Dunn Tire distributes automobile and light to medium truck tires, as well as custom wheels and other specialty automotive products, to a network of over 2,500 automotive retailers in the region. The 80,000 s/f facility, which will employ a number of area residents, is a large scale expansion for Dunn Tire. The move will be a catalyst for their wholesale expansion, while allowing significant improvements and efficiencies in customer service to retail and wholesale outlets throughout upstate New York and western Pennsylvania. "We are extremely pleased that Dunn Tire has chosen to locate their headquarters at Airport Commerce Park," said Robert McDonnell, VP of Ciminelli, the leasing agent for the Cayuga Rd. business park, "Being able to accommodate their sizeable expansion was, of course, critical, but another necessity was for them to be centrally located. This site is ideal for them, and western New York should be very proud that Dunn opted to keep their operations based here, when there were clearly other options." The interior construction work being performed by Ciminelli Development Company, Inc. at 475 Cayuga Rd. is incorporating sustainable design elements and "Green" building practices targeting a silver USGBC LEED Certification that will result in a highly efficient facility including reductions in energy and water consumption while providing the best possible interior environment for our employees, all with minimal impact to the environment. Pursuing USGBC LEED certification will verify the project's sustainable design.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent