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Zamir Equities Acquires US Class A Office Building in Syracuse, New York Business District
Thursday 18 May 2017

18 May 2017 - New York, US-based private equity firm Zamir Equities has finalised the acquisition of One Lincoln Center, a class A office building in Syracuse, New York's central business district, the company said.
Terms of the transaction were not disclosed.
One Lincoln Center, which recently experienced a USD 10m renovation, is a 305,594-square foot, multi-tenanted, class A, office building, within proximity to the Federal Building, County Courthouse, Civic and Convention Center.
Zamir said this is its first commercial real estate investment in Syracuse.
As part of New York Governor Andrew Cuomo's USD 1.5bn New York Upstate Revitalisation Initiative, One Lincoln Center will benefit from the USD 265m investment in Syracuse's CBD.
Zamir Equities cumulatively owns and manages in excess of USD 300m worth of properties, encompassing more than 2.1m square feet.
The firm is headquartered in the heart of midtown Manhattan, New York in the Fred F. French Building, a 38-story art deco building erected in 1927, and listed on the US National Register of Historic Places.
Date Published: 18/05/2017
Target: One Lincoln Center
Country: USA
Sector: IT/Online Services
Type: LBO
Status: Closed
Buyer: Zamir Equities
Terms of the deal were not disclosed