{"id":35876,"date":"2021-02-18T14:00:33","date_gmt":"2021-02-18T19:00:33","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=35876"},"modified":"2021-02-19T17:34:24","modified_gmt":"2021-02-19T22:34:24","slug":"state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/","title":{"rendered":"State Unified Court System Is First Tenant For Former State Farm Building In Malta"},"content":{"rendered":"<figure id=\"attachment_35877\" aria-describedby=\"caption-attachment-35877\" style=\"width: 1017px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-35877\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/02\/state-farm-building-hc.jpg\" alt=\"\" width=\"1017\" height=\"740\" srcset=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/02\/state-farm-building-hc.jpg 1017w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/02\/state-farm-building-hc-300x218.jpg 300w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/02\/state-farm-building-hc-768x559.jpg 768w\" sizes=\"auto, (max-width: 1017px) 100vw, 1017px\" \/><figcaption id=\"caption-attachment-35877\" class=\"wp-caption-text\">The former State Farm building in Malta will soon have its first tenant.<br \/>Courtesy Flaum Management Co<\/figcaption><\/figure>\n<p>By Christine Graf<br \/>\nRochester-based Flaum Management Co. Inc has secured its first tenant for Malta Grove, the former State Farm Operations Center located off Northway Exit 12 in Saratoga County.<br \/>\nThe building sat empty for approximately two years before being purchased at auction by John Senese in March. Senese sold the building to Flaum Management for $2 million.<br \/>\nFlaum Management owns office, retail, and industrial properties throughout the state. In addition to the State Farm building, the company\u2019s Capital Region holdings include Latham Farms and Queensbury Plaza. Pyramid Brokerage Co.\/Cushman &amp; Wakefield has been enlisted as the building\u2019s leasing agent.<br \/>\nThe New York Unified Court System, 4th Judicial District, will be Malta Grove\u2019s first tenant. The court is currently located at 65 South Broadway in the Lincoln Baths in Saratoga Springs. The 4th Judicial District is the state\u2019s largest and includes Clinton, Essex, Franklin, Fulton, Hamilton, Montgomery, Saratoga, Schenectady, St. Lawrence, Warren, and Washington counties.<!--more--><br \/>\nThe judicial offices will be located in approximately 23,000 square feet of space on the first floor of the two-story, 124,000-square-foot building. The offices will be used for administrative duties only and will contain no court rooms, officials said. The move to Malta Grove will allow the court to have the space necessary to consolidate several operations under one roof.<br \/>\n\u201cWe\u2019ve got a signed lease, and we are finishing up drawings,\u201d said Peter Struzzi of Pyramid Brokerage Co.\/Cushman &amp; Wakefield. \u201cConstruction will probably take 10 to 12 weeks. Three months from now, they should be ready to occupy.\u201d<br \/>\nThe court will occupy one of what Struzzi refers to as the building\u2019s four quads. Two are located on the first floor and two on the second. The remaining three quads as well as a 3,000-square-foot suite remain available. Spaces will be customized to meet the individual needs of each tenant.<br \/>\n\u201cIt really depends on the different tenants. You can have some pretty intricate buildouts, or you can have some very basic buildouts. We will look at everything and assist anyone. We offer space planning, so if you tell us you need 10 offices, a kitchen, and 3 conference rooms, and a mother\u2019s room\u2014that\u2019s a big thing now for nursing mothers\u2014we will price it out and we will make the space work for you,\u201d said Struzzi. \u201cTenants tell us what they want and Mr. Flaum has a full team that does the design. And they can bid out construction. They are a very professional landlord, and they are very hands on.\u201d<br \/>\nTenants are given a tenant improvement allowance to offset the costs that are associated with customizing their office space.<br \/>\n\u201cFor a typical office environment, the tenant improvement allowance gets to you where you can turn the key, turn on the lights, and go to work,\u201d said Struzzi.<br \/>\nAlthough the COVID-19 pandemic has impacted the corporate real estate leasing market, Struzzi is confident that Malta Gardens will be very attractive to other tenants.<br \/>\n\u201cWe are incredibly aggressive with our pricing. We are typically 25 percent below the Class A market in the Capital District. And it\u2019s a fabulous location,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Christine Graf Rochester-based Flaum Management Co. Inc has secured its first tenant for Malta Grove, the former State Farm Operations Center located off Northway Exit 12 in Saratoga County. The building sat empty for approximately two years before being purchased at auction by John Senese in March. Senese sold the building to Flaum Management [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":35877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-35876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>State Unified Court System Is First Tenant For Former State Farm Building In Malta - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"State Unified Court System Is First Tenant For Former State Farm Building In Malta - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Christine Graf Rochester-based Flaum Management Co. Inc has secured its first tenant for Malta Grove, the former State Farm Operations Center located off Northway Exit 12 in Saratoga County. The building sat empty for approximately two years before being purchased at auction by John Senese in March. Senese sold the building to Flaum Management [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Saratoga Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2021-02-18T19:00:33+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2021-02-19T22:34:24+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/02\/state-farm-building-hc.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1017\" \/>\r\n\t<meta property=\"og:image:height\" content=\"740\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"jessewinters\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jessewinters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/\",\"name\":\"State Unified Court System Is First Tenant For Former State Farm Building In Malta - Saratoga Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/02\/state-farm-building-hc.jpg\",\"datePublished\":\"2021-02-18T19:00:33+00:00\",\"dateModified\":\"2021-02-19T22:34:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/02\/state-unified-court-system-is-first-tenant-for-former-state-farm-building-in-malta\/#primaryimage\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/02\/state-farm-building-hc.jpg\",\"contentUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/02\/state-farm-building-hc.jpg\",\"width\":1017,\"height\":740,\"caption\":\"The former State Farm building in Malta will soon have its first tenant. 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