Tri-State Portfolio

Syracuse, New York

4 MILLION SQUARE FEET

3 BUILDINGS

  • ASSET CLASS: Class A Office/Industrial
  • TOTAL EQUITY: $26,500,000

In 2002, American Landmark Properties purchased a 32-building portfolio for $190,000,000. The buildings totaled approximately 4 million square feet and were located in Upstate New York, Eastern Pennsylvania, and Ohio. In addition to the acquisition and syndication, American Landmark Properties managed and leased this portfolio. Following the stabilization of the individual assets, the majority of the portfolio was sold – in each case, at a profit. American Landmark Properties currently owns and operates the three remaining office buildings, consisting of 177,000 square feet, in Pioneer Office Park.

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