Index Invest & Fortress Sells Industrial Asset On New Venture Gear Drive For $99.7M

The asset involved in this transaction is an industrial property located at 6600 New Venture Gear Drive in East Syracuse. It was sold for a total transaction amount of $99,700,000, encompassing a substantial square footage of 1,461,816. The price per square foot for this property is calculated at $68.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $99,700,000
• Address: 6600 New Venture Gear Drive
• Market: East Syracuse
• Square Footage: 1,461,816
• Price per Square Foot: $68
• Seller: Index Invest & Fortress
• Broker Representatives: Peter Nicoletti, Zach Redding, Dylan Kane & Bastian Schauer - Colliers

The transaction was facilitated by brokers Peter Nicoletti, Zach Redding, Dylan Kane, and Bastian Schauer representing the seller, Index Invest & Fortress. Their involvement contributed to the successful execution of this industrial property sale.