Coldwell Banker Commercial Prime Properties Announces The $6.5M Sale Of Historic Downtown Business


Leah Witko and Peter Sciocchetti, commercial sales associates with Coldwell Banker Commercial Prime Properties (CBCPP) in Cohoes, NY, were the managing brokers for the sale of the 17-story office building located at 69 State Street in Albany, NY.


The purchasers were Novel Co Working out of Chicago, IL who purchased the property for just $6.5M, plan on taking over vacant floors for full a renovation into shared office spaces. Novel Co. also plans on occupying some of the space for their NY-based location.


The 136,000 SF building with parking lot (a rare opportunity in this location) is located on the popular and historic State Street in downtown Albany, NY, and anchored by the Bank of America and Merrill Lynch.


“This was an ideal buyer for this building and property,” says Leah Witko, of Coldwell Banker Commercial Prime Properties, “[Novel’s] plans to make this a premier building in the City. It is a beautiful landmark building that will attract workers back to downtown Albany”.

About Coldwell Banker Commercial Prime Properties Coldwell Banker Commercial Prime Properties (CBCPP), an affiliate of Prime Companies, is the largest CBC office in upstate New York with offices in Albany and the surrounding Capital Region. It's principle business is to represent buyers, sellers, landlords, and tenants in all commercial real estate transactions. The agents and support staff are experiences professionals who have proven competence in the real estate industry. Our professionals come from a wide variety of backgrounds and function as a team as well as individually. As a result, when a client obtains the services of a CBCPP agent, the client receives not only the full attention and dedication of that particular professional, but also the skills and capability of our entire affiliate "Powerhouse Team". For more information, visit: www.coldwellbankeralbany.com


About Coldwell Banker Commercial Affiliates Coldwell Banker Commercial® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. Coldwell Banker Commercial affiliates cover territory throughout North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Commercial is an industry leader in providing commercial real estate solutions that serve the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Each office is independently owned and operated. For more information, visit: www.cbcworldwide.com.

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621 Columbia Street, Cohoes NY 12047
(518) 785-9000 |   info@theprimecompanies.com