GEDDES — Bodycote Syracuse Heat Treating Corp., a thermal-processing company, recently purchased the 58,717-square-foot industrial manufacturing facility located at 8 Dwight Park Drive in the town of Geddes.
An entity known as Nu-121 Dwight Park Circle LLC sold the property in July for $1.3 million
Michael Kalet and Cory LaDuke of Cushman & Wakefield/Pyramid Brokerage Company exclusively marketed the property for sale and represented the seller in this transaction, according to a news release from the real-estate firm.
Bodycote Syracuse Heat Treating plans to invest “significant money into the property for upgrades, building design, and was attracted to the property due to the property location, versatility of the building, and low cost of Solvay Electric municipal power,” per the release.
The nearly 3.2-acre Geddes property was last sold in October 2011 for more than $442,000, according to Onondaga County’s online property records. The property was assessed at $500,000 for 2019.
Bodycote Syracuse Heat Treating’s facility on Interstate Island Road in Van Buren was hit by a large industrial fire in July 2018, according to several media reports.