Hudson Valley iCampus Retains Tri-State Team from Colliers as Exclusive Broker
Real Estate In-Depth | December 28, 2021
PEARL RIVER—Hudson Valley iCampus, the former Pearl River complex of Pfizer, Inc., has retained commercial real estate brokerage firm Colliers as the exclusive leasing agent for the 2.0-million-square-foot, mixed-use, multi-tenanted campus.
The 207-acre property is owned by Industrial Realty Group, LLC, a real estate development and investment firm with more than 100 million square feet of commercial property across the U.S.
“After an exhaustive interview process with many of the premier commercial brokerage firms, Colliers stood out because their team brings a wealth of marketing and deal-making experience, as well as a data-driven intelligence approach,” said Jamie Schwartz, President of Hudson Valley iCampus. “They understand the value of our unique campus and have expertise in all different types of uses, including life sciences, industrial, office, warehouse, flex—all of which are featured here at Hudson Valley iCampus. They see great opportunity for businesses and organizations to locate to this environment, which is conducive to innovation, ingenuity, and industry.”
Schwartz said there is approximately 1.5 million square feet of available space at the campus.
“We’re so pleased to collaborate with Jamie as he reintroduces this magnificent property to the marketplace and the community,” said Robert Lella, Managing Director of Colliers’ Tri-State team, in the Stamford, CT office. “What he and his team have accomplished thus far at Hudson Valley iCampus is very exciting, and we want to assist him in executing his vision.”
Other members of the Colliers team include Sheena Gohil, Executive Managing Director, Manhattan office, and Charlie Hatfield, Executive Managing Director, Princeton, N.J., office.
The Hudson Valley iCampus is located at 401 North Middletown Road in Pearl River. The property is centrally located in the Hudson Valley and close to dining, shopping and entertainment options, with easy access to train stations, the Mario M. Cuomo Bridge and New York State Thruway, and within 24 miles of Manhattan. Current tenants include Pfizer, Inc.; Auro Vaccines; RK Pharma, Inc.; Sanofi US Services, Inc.; Pearl River Labs and Urban Electric Power, Inc. The site is managed by IRG affiliate IRG Realty Advisors, LLC.
Los Angeles-based Industrial Realty Group, LLC is a nationwide real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the U.S. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing more than 110 million square feet in 31 states.
Colliers is a diversified professional services and investment management company with operations in 65 countries. The firm has reported annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management.