Introducing MetroWest Industrial Center
SYRACUSE, NY (July 22)—Hackman Capital, a private, Los Angeles-based real estate investment firm, announced today that the former Penn Traffic Dry Goods Distribution Center in Syracuse is being rebranded as part of an aggressive marketing campaign designed to reach regional brokers and prospective tenants. The new name for the facility at 1200 State Fair Boulevard is MetroWest Industrial Center.
The 567,800 square foot facility is situated on Syracuse's west side and offers features ideal for both distribution/warehouse users and manufacturers. Because the building is easily divisible, it can be re-worked to accommodate multiple tenants or remain as is, to house a single user looking for signature opportunities.
"Highway accessibility and visibility are key advantages of this property," said John Root, Senior Vice President of Asset Management for Hackman Capital, referring to the building's prime location at the intersection of I-90 and I-690.
"Location and size, like ceiling heights up to 31 feet, 68 dock doors, two drive-in doors and other features, make this a unique product in the marketplace," Root continued. "The building also has been extremely well maintained."
Another key benefit, particularly for manufacturers, is the building's location within a municipal power service area, which can represent significant savings in electric costs. MetroWest Industrial Center is serviced by The Village of Solvay Electric Department.
MetroWest Industrial Center is owned by National Industrial Portfolio, LLC., a joint entire among entities formed by Hackman Capital, LLC., Calare Properties, Inc. and KBS Real Estate Investment Trust I (KBS REIT I). Hackman Capital manages the property. Mark Ruprecht and Peter Finn, from the Syracuse office of CB Richard Ellis, are the leasing agents.
More information about MetroWest Industrial Center is available at www.metrowestindustrialcenter.com
Media Information
For additional information or interviews related to this release, contact:
Eleanor Moriarty
Hackman Capital
310-473-8900, ext 115
About Hackman Capital, LLC.
Hackman Capital is a private real estate investment firm specializing in the acquisition, management, redevelopment and adaptive reuse of industrial and commercial real estate. Founded in 1987, the company pursues value-added investment opportunities nationwide, and
currently owns and manages more than 16 million square feet of real estate across the United States. Hackman Capital Partners is headquartered in Los Angeles, California.
For more information, visit, www.hackmancapital.com.
About Calare Properties, Inc.
Calare Properties is a Massachusetts-based real estate investment manager that currently owns and manages more than 14 million square feet of distribution, manufacturing and office properties throughout the United States. Calare has made over $630 million in value-focused real estate investments through several private equity partnerships. For more information, visit www.calare.com.
About KBS REIT
KBS REIT was formed by Peter Bren, President, Charles Schreiber, Chief Executive Officer and Chairman, Peter McMillan, Executive Vice President and Treasurer and Keith Hall, Executive Vice President. For more information, visit www.kbsreit.com.
About KBS Companies
Headquartered in Newport Beach, Calif., KBS Capital Markets Group (www.kbs-cmg.com) is the dealer manager for KBS REIT I and KBS REIT II. KBS Capital Advisors is the advisor for KBS REIT I and KBS REIT II. Both companies are affiliates of KBS Realty Advisors, a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber. Since 1992, KBS has completed transactional activity exceeding $16 billion via 19 separate accounts, six commingled funds and two private equity REITs. KBS has offices in Newport Beach, San Francisco, Chicago, Boston, Dallas, New York, Washington, DC, Atlanta and Los Angeles. For more information, visit www.kbsrealty.com.
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