Hastings Cohn Joins HUNT Commercial Real Estate

HUNT Commercial Real Estate, the largest commercial real estate brokerage in Buffalo, New York, announced today that Hastings Cohn Real Estate has joined the firm as the Hastings Group. The Hastings Group will operate out of the HUNT Commercial headquarters in the Brisbane Building at 403 Main Street in Buffalo. The addition of the Hastings Group will significantly expand HUNT Commercial’s expertise in seller, landlord, buyer and tenant representation.

Founded in 1996 by Alan T. Hastings and Paul M. Cohn, Hastings Cohn Real Estate is a highly-recognized and respected leader in the Western New York commercial real estate market, specializing in the sale and leasing of retail, office, warehouse, restaurant, land and investment properties throughout upstate New York. Hastings Cohn is ranked the 13th largest Commercial Real Estate Firm by Buffalo Business First.

“We are thrilled to welcome Alan and his experienced real estate team to HUNT Commercial,” said Robert McDonnell, Chief Operating Officer for HUNT Commercial. “With the Hastings Group joining us, along with the recent addition of Gunner Tronolone, we are committed not only to our future growth model, but to adding respected sales professionals that fit our culture at HUNT.”

“I recognized this as a fantastic opportunity to align our firm with one of the most trusted and recognized real estate brokerage names in Western New York,” commented Hastings. “With the ability to expand our reach into Rochester, Central and Northern NY through their affiliated offices, the Hastings Group is looking forward to successfully working with the commercial real estate dealmakers at HUNT Commercial.”

HUNT Commercial Real Estate Appoints Robert McDonnell as Chief Operating Officer

HUNT Commercial Real Estate has announced the appointment of Robert McDonnell as Chief Operating Officer. McDonnell will be responsible for growing the commercial sales organization within New York, as well as implementing strategic initiatives that will continue to benefit the long term goals of both HUNT Commercial and HUNT Property Solutions, the latter of which began operations in March 2018.

McDonnell was originally recruited to HUNT Commercial in the early 1990s, where he learned the complexities of the business with the help of a team of seasoned and experienced brokers. McDonnell’s initial experience at HUNT helped him transition to a 20+ year career with a highly regarded commercial development firm, and his career evolution included working as a Sales/Leasing Manager, Senior Sales/Leasing Manager, Director of Business Development, Vice President of Sales, and the Senior Vice President and Broker of Record. He has been involved in all sales and marketing related activities for a vast multi-client portfolio totaling upwards of 15 million square feet. McDonnell is highly versed in all disciplines of commercial real estate including, but not limited to business development, contract negotiations, letters of intent, proposals, market analysis, past and future trends, and client management/retention.

“We are excited to welcome Bob back to HUNT Real Estate,” said Charles Hunt, Executive Vice President and Chief Operating Officer, HUNT Real Estate Corp. “To have someone of his caliber and expertise take the leadership role of our commercial brokerage puts us in prime position to continue our business growth both locally and statewide.”

“Very few people have the opportunity to return and help lead the company that launched their careers,” McDonnell commented. “I’m thrilled to be getting back to my roots and to once again call HUNT Commercial home. I’m confident that HUNT Commercial will attain new heights and the HUNT legacy will continue to grow as we expand our business and offerings.”

To date, McDonnell has been involved in over 400 transactions with a total value in excess of well over 700 million dollars and has completed transactions in Buffalo, Rochester, Syracuse, Albany, and White Plains, New York; Pittsburgh, Philadelphia and Erie, Pennsylvania; New Haven, Connecticut, and Southern Ontario. Some of his notable clients include Key Success LLC, Buffalo Success LLC, Ciminelli Properties, First Niagara Bank, and KeyBank.

McDonnell is a graduate of John Carroll University in University Heights, Ohio and CCIM Institute in Chicago, Illinois.

Full-Service Pet Salon Plans Grand Opening

A new full-service salon to pamper your pets is set to have its grand opening for the public this Friday, March 1, 2019.

Pampered Paws N’ Play, LLC, is the new occupant of the 2,000 square foot space located at 1840 Maple Road, Suite B in Amherst. The lease deal was brokered by Leah Evelyn Wrate of HUNT Commercial Real Estate Corporation in Buffalo, NY and landlord Larry Brassel of Brassel Commercial Realty, Inc. in Williamsville, NY.

The new lessee and business owner, Danielle Turner, has been in the industry for over fifteen years and continues to be an advocate for animal welfare and accomplishing her goals in the pet service industry. Per Turner, services offered by the pet salon will include grooming, an on-premises dog daycare, training facility, and home pet sitting services.

Starting at 9:00 AM on Friday, March 1st, the first 50 visitors to the pet salon will be entered into a prize drawing. There will also be opportunities to tour the facility, meet the staff, and to receive discounts on purchases.

Featured Listing: Witter’s Sports Bar & Grill

 Owner retiring.  300 Olivet Street North Tonawanda, NY 14120. Turn key, well known establishment on the ever growing Oliver Street. Traditional sports bar featuring 28 beers on tap and multiple TVs for the big games. Remodeled banquet area seats 100 comfortably and has entertained countless charity events, 20+ baseball leagues, euchre tournaments and so much more. All equipment included. Two apartments, 13 year tenant wants to stay; other apartment needs improvements.

PROPERTY OVERVIEW

  • Lot Size: 0.08 +/- Acres
  • Total SF: 5,063 +/- SF
  • Year Built: 1930
  • Stories: 2
  • Parking: On Street

For more information, visit: https://www.huntcommercial.com/listing/176669681

Another Property Sold by HUNT Commercial: 6941 Elaine Dr. Niagara Falls, NY

6941 Elaine Drive is located in Niagara Falls, NY and is a multi-tenant medical investment property sold by PKV Associates, LLC. Purchased by Apex Ventures Holdings LLC, the previous owners will still remain tenants in the building. The building was sold on October 18, 2018. HUNT Commercial Real Estate Agent Leah Wrate was the listing agent for this property.

Balanced Body Leases Retail Space at 1391 Hertel Ave.

Balanced Body has leased 1,000 sq. ft. for its retail location at 1391 Hertel Avenue in Buffalo, NY.  The location was formerly St. Margaret’s Grammar School. The renovated building is now The Cornelius, a mixed use building with upscale apartments and retail space. HUNT Commercial Real Estate Agent Stephen Fitzmaurice represented Balanced Body in this transaction. Balanced Body was referred to HUNT Commercial from HUNT Real Estate Agent Melissa Colletti of HUNT Real Estate’s Buffalo Metropolitan Branch.Balanced Body has their Headquarters on Transit Road in Williamsville. They are a healthy meal prep service that offer their customers healthy pre-portioned meals and a menu of freshly made meals that rotate weekly.  Customers can either pick up preordered meals at their location or have them delivered to their home.“It will be a lifestyle brand store where people can come in and pickup meals they ordered, along with getting sandwiches and salads, kombucha and coffee,” said Balanced Body CEO Ashley Draper.

4 Reasons to Use a Commercial Real Estate Agent

Searching for a commercial space for your business can be an immense undertaking. From investing your time into finding the perfect property to the financial investment involved in a commercial lease, the process can be a tricky one to navigate, especially while running the day to day aspects of your business.

Since your commercial rent or lease payment is a significant expense for your business – typically the second highest expense for a business next to payroll – it makes sense to consider working with a professional while searching for your commercial space.

Here are just a few good reasons to have a Commercial Real Estate Agent on your side:

man in suit looking at watch1. They Save You Time: There are only so many hours in the day and there is a lot that goes into searching for a commercial space: researching properties, contacting the landlord, viewing the property, and negotiating terms. Finding the right property for your business, ironically, can very easily take away from the time that you would normally reserve for running your business. A commercial real estate agent will do the legwork for you, saving you effort, money, and ultimately time that you can dedicate to your business.

2. They Know the Market: A metropolitan area has many submarkets with different levels of demand. Since commercial leases can run 3, 5, or even 10+ years, it’s difficult to know when prime space will become available. Your agent will be aware of when these desirable locations will be back on the market, and has access to industry websites and listings that are unavailable to the public, thanks to their connections and resources.

two men shaking hands over a laptop and paper with the word contract on it3. They Understand Business: Every business requires a different space. Your agent will take what’s important to you and your business and show you the best available options. Your agent will take into consideration any restrictions or limitations so you don’t end up viewing properties that won’t be conducive to your business.

4. They Understand Your Lease: Leases come in several forms, and your agent can help you understand what they mean. For example, a Triple Net Lease, which is typical for industrial or warehouse spaces, is a base rent plus the cost of taxes, insurance, maintenance and utilities. If your landlord provides a Gross Lease, which is commonly used for office space, that lease includes all costs, while a Modified Gross Lease may include all expenses except for utilities. Your agent will explain all the terms and conditions to you, so there are no surprises when your first month’s payment is due.

Landlords often use their own in-house leasing agents, or use a third-party leasing agent, so it makes sense to get your own representation during the process. Work with your commercial real estate agent, and they will help find you the right space for your business!

Stephen Fitzmaurice has over 30 years of experience running commercial building ranging in size from 300,000 square feet to over 1.5 million square feet. Over the years, he produced over 150,000 square feet of new leases and lease renewals. Steve is a graduate of both the Hotel School at Cornell University and UB's Center for Entrepreneurial Leadership Core program. e has served on various boards, most recently as a Director at Buffalo Place from 2002 through 2014. You can reach him at sfitzmaurice@huntcommercial.com.

 

View from Above: 810 Main Street Buffalo, NY


Check out these downtown redevelopment parcels for sale!

810 Main Street consists of 10,100 +/- SF of brick office on four floors and attached
6,600 +/- SF warehouse suitable for indoor parking and/or the addition of upper floors.

Expansion plans for this parcel have received conditional approval from the City of Buffalo. Sale also includes 8 St. Louis Place.

8 ST. LOUIS PLACE – A 0.23 acre lot with curb cut, also suitable for parking, additional office/apartments or development site. The properties are one block from the Kensington Expressway and the Buffalo Medical Campus.
PARCELS WILL NOT BE DIVIDED.

Take a Look Inside the Former Harley Davidson on Bailey Ave.

Formerly the Harley Davidson showroom (retail), service (motor services) and warehouse, this single story long rectangular 50,000+/- square foot building has fantastic visibility on Bailey Avenue.  The facility has approximately equal portions of retail, production and warehouse. The property is zoned General Business which includes retail outlet use and automotive services if with a new or used motor vehicle sales. This property is located just south of the Niagara Falls Boulevard (Rt. 62) and Sheridan Drive (Rt. 324) intersection in the Grover Cleveland Terrace neighborhood of Amherst, Metro Buffalo’s larget suburb. This fabulous and diverse property is also situated less than a 1/4 mile north of the 154 acre University at Buffalo South Campus.

Want to take a peek inside? Check out our 360 tour:

For more information, visit: https://www.huntcommercial.com/listing/123312625