Binswanger/CBB Arranges Sale of a Major Property in Minneapolis, Minnesota.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--April 26, 2004 Representing the seller, Binswanger/CBB recently negotiated the sale of a 479,845 sq. ft. building with acreage. The property is located at 3501 Marshall Street Marshall Street is located on University Hill in Syracuse, New York adjacent to Syracuse University, whose students gave it the name M-Street. Many shops, restaurants, and bars line this street and its terminus South Crouse Avenue. . CUE Properties, a local Minneapolis investor, purchased the property. The seller, C&S Wholesale Grocers, Inc. is a privately owned company with annual sales approaching $13 billion. The company is the 8th largest privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in the nation, as ranked by Forbes magazine. Founded in 1918, C&S provides distribution services to grocery chains and independent stores, delivering to more than 3000 locations from its distribution centers in Vermont, Maine, Massachusetts, Connecticut, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Maryland, Ohio, Pennsylvania, California and Hawaii. C & S acquired the building when they purchased all of Fleming's assets, but found they do not need this site. Headquartered in Philadelphia, PA, Binswanger/CBB is an international, full-service real estate organization, with over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , the U.K. and Europe, the Middle East, Asia, and Australia. |
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