Albany IDA Project Index
Scannell Properties #145, LLC
Project Number: 01011205
Project Address: 55 Commerce Avenue
Applicant Name: SIR Albany, LLC
Owner(s): Revocable Trust of Robert J. Scannell, Saveau, LLC
Developer: REIT Management & Research LLC
Project Description:
This building, formerly the Crowley Dairy facility, has been vacant for over five years. The applicant proposes demolishing the existing structure and constructing a new 125,000 sq.ft. distribution facility and related parking. It is intended that the building be expandable in the future to 155,000 sq.ft. to handle anticipated growth. The building will be leased to American Tire Distributors, Inc. pursuant to a 10 year, triple net lease with two five-year renewal options. Since 1935, American Tire Distributors, Inc. has supported the nation's tire dealers, service repair shops, and automotive performance shops by supplying them with the products, tools, and programs they need.
Approval Date: 09/20/2012
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $464,591
Estimated Employment Impact: 40 construction jobs and 25 full-time equivalent jobs created, 0 full-time equivalent retained
Project Documents
Project Documents
- Final Project Summary - SIR Albany, LLC
- PILOT Agreement - SIR Albany, LLC
- Approving Resolutions - SIR Albany, LLC
- Application - SIR Albany, LLC
- PARIS Report - SIR Albany, LLC
Meeting Materials
- IDA Board Materials 6.14.12
- IDA Board Materials 6.21.12
- IDA Finance Committee Materials 8.9.12
- IDA Finance Committee Materials 9.13.12
- IDA Board Materials 9.20.12
Meeting Minutes
- IDA Finance Committee Minutes 6.14.12
- IDA Board Minutes 6.21.12
- IDA Finance Committee Minutes 8.9.12
- IDA Finance Committee Minutes 9.13.12
- IDA Board Minutes 9.20.12
Public Hearings
Project Images - Thumbnail Option
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