ROLA Holdings acquired 2632 South Work Street, a 327,288-square-foot Class B industrial warehouse located in Falconer, NY. Secured through a rare off-market opportunity, the property was purchased significantly below market replacement cost, creating immediate value from day one.

At acquisition, the building was 85% occupied, generating stable in-place income while offering clear upside through the lease-up of approximately 50,000 square feet of vacant space. Many existing tenants are on below-market leases, presenting a compelling opportunity for rent optimization and income growth.

In partnership with Greyhill Group, ROLA is executing a value-add strategy that includes re-leasing vacant space, transitioning tenants to market-rate leases, and implementing select capital improvements to enhance property performance. The asset benefits from long-term, in-place structural quality and minimal deferred maintenance, having been held by the previous owner for decades.

With thoughtful management, leasing momentum, and upside in both occupancy and rental rates, 2632 South Work Street stands as a strategic industrial asset in ROLA’s growing portfolio.