JEFFERSON CENTER ASSOCIATES, LLC.
115 E. JEFFERSON STREET
351-359 SOUTH SALINA STREET
SYRACUSE, NEW YORK 13202

Map to Jefferson Center
Jefferson Center Floor Plans
Floor 2 | Floor 3 | Floor 4 | Lower Level

Jefferson Center is located in the heart of downtown Syracuse, at the corner of Salina and Jefferson Streets, within two blocks of the County Court House, Civic Center, Public Library, Museum of Science and Technology, and one block from the city's financial district. Special Interest Points

· Four parking garages within a two block radius

· From 500 to 6,500 square feet office, retail and storage spaces available, ready to occupy

· Four story atrium lobby with glass elevator and marble accented walls and floors

· Full service, class A office space - ready to occupy at below market rents

Jefferson Center - Area & Neighborhood Data:

The subject property is located on the southeast corner of East Jefferson Street and South Salina Street in the City of Syracuse, County of Onondaga, State of New York. It is located in the central sector of the City of Syracuse Central Business District. As a result, it is significantly influenced by the City of Syracuse and Onondaga County.

The neighborhood is bounded on the west by the South West Street arterial, on the north by Interstate 690, on the east by Townsend Street and on the south by East Adams Street.

South Salina Street is the main north/south arterial in the area. It is a four lane, two-way street, which bisects the Central Business District. The sidewalks on both sides of Salina Street were widened in 1993.

The main east/west route in the area is East Fayette Street, located one block north of the subject. It bisects the business district and connects the neighborhood with the eastern and western suburbs. The other important north/south, one-way routes are Warren Street (northbound) and South Clinton Street (southbound).

Development within the neighborhood is primarily first floor retail/commercial, with office use in the floors above. South Salina Street, in particular, has historically been the main retail shopping and restaurant location. Sibley's and Addis & Dey's buildings are being revitalized as Blue Cross and Blue Shield and Deluxe Check have moved into 80% of the former Sibley's facility; while Niagara Mohawk has moved into approximately 55% of the former Addis & Dey's building.

In addition to the above, other buildings in the area which have been, or will be revitalized, are the former Fleischman's Furniture building at 450 South Salina Street, which is now occupied by the State of New York Office of General Services; the former Arby's Restaurant, which is now Georgio's Furs; and the former Addis building, which was converted into residential space and a health spa to primarily service the Hotel Syracuse.

Attracting Blue Cross and Blue Shield and Niagara Mohawk onto Salina Street is part of a city plan to improve the downtown area. These improvements include the installation of new sidewalks, urban-style lighting, facade renovations, and benches.

The neighborhood is located within the Economic Development Zone. Businesses within this area can apply for, and receive, utility rate discounts and loans, if they expand their employment.

Important development in the area includes: the Hotels at Syracuse Square, located south of the subject at the intersection of Salina and Harrison Streets; the Galleries of Syracuse, located ½ block south of the subject; the new convention center, located 2 blocks southeast of the subject on Harrison Street; the Armory Square Towers retail/residential development, located 1 block west of the subject; and the AT&T building, located 2 blocks northwest of the subject at the corner of Fayette and Clinton Streets.

Additional retail/commercial development in the area along Salina Street includes:

The Coffee Gounds
Landmark Theater
Rainbow Stores
Beauty Supply Warehouse
Jefferson Galleries
The Peatfield Company, Ltd.
Lerners
Rite-Aid

Parking in the area is available at the Clinton Street Garage and the Allright parking Garage, both located in a 2 block radius from the subject. In addition, there are 3 surface lots located one block west in the Armory Square area and metered parking.

Jefferson Center - Property Description:

The subject property is a roughly rectangular shaped parcel on the northeast corner of Jefferson and South Salina Streets, in the City of Syracuse, County of Onondaga, State of New York.

It has a west property line fronting on South Salina Street of 206.53+ feet. The south property line fronts on Jefferson Street and is 132+ feet. The east property line fronts on Bank Alley and is 206.51+ feet. The north property line is 132+ feet. Total site area is 27,261+ square feet or .63+ acres. A site plan is included.

The southwestern corner of the site (2,148+ square feet), is covered by a two-story bank building and is currently under a land lease. The remaining site area is covered by a three-story over basement retail/office building, containing 70,298+ square feet of gross floor area over basement.

Jefferson Center - Building Description:

Type: 3 story, masonry and steel office/retail building containing 70,298+ square feet over a fully excavated basement.

Age: Built 1949-50; extensively renovated in the early 1980's.

Foundation: Concrete block.

Exterior: The Salina Street side has a masonry facade over brick. The north and south sides have brick facing and the southeastern corner has decorative brick and glass siding.

Roof: Flat; built up, tar and gravel.

Flooring: Concrete floors covered by nylon carpet and floor tile. The carpet is 28 ounce nylon carpet. Some tenants have higher grade carpets.

Interior Partitions: Mostly painted ½" gypsum wall board on 5/8" metal studs. Some offices have oak trim and the retail spaces have painted sheetrock walls. Private office walls are soundproof with 3 ½" of fiberglass. There are 2' x 2' laying glacier ceiling tiles.

Windows: The retail shops have insulated storefront windows in metal frames. The offices have tinted insulated plate glass windows.

Plumbing: Copper lines to appropriate fixtures in restrooms, sprinklers, tenant spaces, and HVAC system.

Heating & Air Conditioning: There is a gas fired, closed water loop heat pump HVAC system; each tenant has control of their own area.

Electric: 3,000 ampere, 3 phase, 4 wire electrical service, which is separately metered.

Basement: The basement contains 9,951+ square feet of storage area, one office 1,848+ square feet office space, the 4,288+ square feet former restaurant space which is fully equipped, and the electrical room.

First Floor: The Salina Street side has 6 retail spaces, totaling 17,780 square feet, which is currently 100% occupied. The Jefferson Street side contains the entrance lobby to the office floors and the basement area.

Second Floor: There is 16,128 square feet of office space area.

Third Floor: The third floor contains 16,824+ square feet.

Elevators: There is one (2,500 pound capacity) hydraulic passenger elevator and two (3,500 pound capacity) Westinghouse freight elevators.

Bathrooms: Each office floor and the basement has 2 six fixtured restrooms. The restaurant has 2 four fixtured restrooms. The retail tenants each have a restroom.

Kitchens: The restaurant's kitchen is fully equipped.

Other: There is an 8' x 116' concrete canopy on the Salina Street side over four of the retail entrances. In order to accommodate smaller office tenants, the hallways on the second and third floors are wider than is typical.

Comments: The subject building is a combination retail/office facility with 17,780+ square feet of net retail space and 34,800+ square feet of net Class B office space. There is also 9,951+ square feet of storage area and a 4,288+ square feet restaurant area. The building is in excellent condition.