One Park Place, Syracuse, New York

Property Type:  Office Building
Built/Renovated:1983/2017
Purchased: 2017
Total Square Feet: 296,816

One Park Place is a 296,816-square foot, Class A, multi-tenanted, ten story office building in the heart of Syracuse’s Central Business District (CBD), with proximity to the Federal Building, County Courthouse, Civic and Convention Centers, and steps from trendy Armory Square. Originally constructed to house American General and IBM’s local sales operations, One Park Place was built with attention to energy savings and is LEED Silver certified. One Park Place is currently occupied by a diverse mix of local, government, and corporate tenants including The Hartford, Social Security, IRS, Disability Management Services, Inc., Haylor, Freyer & Coon, and Cha Consulting, Inc.

One Park Place features an on-site parking lot that can accommodate 110 cars and has historically proved to be a very profitable transient parking income producer. Further, the building is favorably located next to a municipal parking garage and is within one block of 300 surface parking spaces. One Park Place is only one mile from the Museum of Science and Technology, two miles from Syracuse University, and eight miles from Hancock International, and is surrounded by many restaurants, bars, and retail shops.

One Park Place is currently experiencing a $10 million renovation, including a new lobby, common area, fitness center, conference room, elevator modernization, and additional major upgrades including the building’s HVAC/Mechanical, sidewalk, facade and restrooms. Tenants currently enjoy access to the ground-floor eatery with full catering capabilities as well as the Garden Level lounge that has various seating for meetings, breaks and eating.  The Lounge also has a large flat screen tv for watching tv or presenting presentations to groups.

In the center of Syracuse’s renaissance, One Park Place also benefits from the $265 million investment in Syracuse’s CBD, as part of New York Governor Andrew Cuomo’s $1.5-billion New York Upstate Revitalization Initiative (URI).

One Park Place
300 South State Street
Syracuse, New York 13202