Categories: Construction, Design & Real EstateInsurance & Financial ServicesSubscriber Only

BHG paid $3M for 6 acres for its new financial HQ building

The property that Bankers Healthcare Group recently purchased for $3 million is to be the home of the new $35 million financial headquarters it will build. Visible in the distance are officials that gathered for the recent groundbreaking event at the site. (ERIC REINHARDT / CNYBJ)

SYRACUSE — Bankers Healthcare Group (BHG) paid $3 million to buy about six acres near Syracuse’s Inner Harbor, where it will construct its new $35 million financial headquarters. Bart Feinberg of Sutton Real Estate Company brokered the sale, according to a Sutton news release. Spencer Street LLC will construct and furnish a five-story, 100,000-square-foot facility […]

Already an Subcriber? Log in

Get Instant Access to This Article

Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.

Learn More and Become a Subscriber

SYRACUSE — Bankers Healthcare Group (BHG) paid $3 million to buy about six acres near Syracuse’s Inner Harbor, where it will construct its new $35 million financial headquarters.

Bart Feinberg of Sutton Real Estate Company brokered the sale, according to a Sutton news release.

Spencer Street LLC will construct and furnish a five-story, 100,000-square-foot facility at 300-324 Spencer St. in Syracuse to house Bankers Healthcare Group and its Capital Collection Management unit (see story in Oct. 21 CNYBJ).

The project will include the demolition and remediation of the existing property, and the construction and full equipping and furnishing of the new facility. The combined initiative will result in the creation of 330 new jobs.

BHG expects construction crews from Salina–based Parsons-McKenna Construction Co. Inc. to complete the project by fall of 2021.

BHG — which is headquartered in Davie, Florida — currently has its financial headquarters at 201 Solar St. in Syracuse’s Franklin Square area. The company will relocate and consolidate several of its local operations into the upcoming facility.

Founded in 2001, Bankers Healthcare Group provides loans and financing to health-care practitioners and other licensed professionals.

Journal Staff