Jankow Companies Acquires Omni Plaza Two-Building Office Portfolio In Albany For $10.1M

The transaction involves the sale of an office portfolio known as Omni Plaza, comprising two buildings located at 30 South Pearl Street and 54 State Street in Albany. The sale was completed for a total consideration of $10,100,000, encompassing 236,000 square feet, which translates to a price per square foot of $42.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,100,000
• Buyer: Jankow Companies
• Seller: Omni Development
• Brokers: Michael Hunter Coghill & Jacob Brenner - Adirondack Capital Partners
• Market: Albany

Michael Hunter Coghill and Jacob Brenner, representing the brokerage firm Adirondack Capital Partners, facilitated the sale of Omni Plaza. The transaction showcases a significant movement in the Albany real estate market, particularly in the office sector, with a focus on the central downtown area.