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Former ITT Tech building sold for more than $1.2 million

SALINA — The 20,830-square-foot office building at 235 Greenfield Parkway in Salina was recently bought by Edgewater Management Company for $1.205 million. Peter Finn, EVP of CBRE/Syracuse, and Mark Rupprecht, senior broker, represented Edgewater Management in the purchase, per a news release from the real-estate firm. The seller was the U.S. Bankruptcy Court. The building, […]

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SALINA — The 20,830-square-foot office building at 235 Greenfield Parkway in Salina was recently bought by Edgewater Management Company for $1.205 million.

Peter Finn, EVP of CBRE/Syracuse, and Mark Rupprecht, senior broker, represented Edgewater Management in the purchase, per a news release from the real-estate firm.

The seller was the U.S. Bankruptcy Court. The building, which sits on nearly 4.5 acres of land, was formerly occupied by ITT Technical Institute. ITT Tech, a national for-profit school, abruptly shut down all its campuses last September after the U.S. Department of Education blocked all federal student-loan funding for the school.

The sale to Edgewater closed on March 8, according to Onondaga County’s online property records. ITT had purchased the property back in 2002 for nearly $2.8 million.
The property is assessed at $1.27 million for 2017.

Journal Staff