HFF closes $25.25 million sale of Syracuse, New York office property
NEW YORK, NY – May 10, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $25.25 million sale of One Lincoln Center, a 305,594-square-foot Class A office tower in Syracuse, New York.
HFF marketed the property on behalf of a private seller and procured the buyer, Zamir Equities.
One Lincoln Center is located in the center of downtown Syracuse at 110 W. Fayette Street within close proximity to Armory Square, and numerous hotels, shopping, banking and museums. The property is surrounded by the Syracuse Federal Building, the Pike Block, City Hall, OnCenter and is not far from the intersection of Interstates 81 and 690, which provide connectivity to Syracuse’s most popular residential neighborhoods. The 17-story property is 86 percent leased to a diverse roster of tenants, including JP Morgan Chase, Bond Schoeneck & King PLLC, Cadaret Grant & Co LLC, Bousquet Holstein, Grossman St.Amour and Arcadis.
The HFF investment sales team representing the seller was led by managing director Rob Rizzi, associate director Steven Rutman and director Michael Oliver.
About Zamir Equities
Founded by Asher Zamir in 2003, Zamir Equities is a privately held New York City-based, integrated real estate private equity firm. Currently, Zamir Equities owns and manages cumulative properties in excess of 300 million dollars, and two million square feet. Recognized for their astute acquisition proficiency, along with unparalleled real estate management, leasing and marketing experience, Zamir Equities specializes in risk-adjusted market returns in both undervalued and stabilized real estate assets. Zamir Equities is headquartered in the heart of midtown Manhattan in the Fred F. French Building, a magnificent 38-story art deco building erected in 1927, and listed on the U.S. National Register of Historic Places.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.