{"id":1004677267,"date":"2023-08-24T02:56:22","date_gmt":"2023-08-24T10:56:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004677267"},"modified":"2023-08-29T10:56:45","modified_gmt":"2023-08-29T18:56:45","slug":"pfizer-grows-new-york-footprint-to-151-ksf","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/","title":{"rendered":"Pfizer Expands New York Lease to 151 KSF"},"content":{"rendered":"
\"Plans<\/a>

Hudson Valley iCampus occupies 207 acres in Rockland County. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Pfizer Global Supply<\/strong>, a division of pharmaceutical firm Pfizer Inc.<\/strong>, has renewed and expanded its lease at Hudson Valley iCampus, bringing its total commitment to 151,000 square feet, according to Real Estate In-Depth<\/em>. The leased space has manufacturing, laboratory, warehouse and office functions in multiple buildings throughout the 2 million-square-foot property in Pearl River, N.Y.<\/p>\n

Hudson Valley iCampus President Jamie Schwartz represented the ownership, while Cushman & Wakefield<\/strong> Senior Managing Director Warren Bravermann negotiated on behalf of the tenant.<\/p>\n

A campus with a long history<\/h2>\n

The pharma company used to own the Rockland County property where it’s now an anchor tenant. Hudson Valley iCampus is actually the segment of Pfizer’s 500-acre complex that was acquired by Industrial Realty Group<\/strong> for $39.5 million in 2015, CommercialEdge data shows. The deal included 207 acres across 25 buildings and enabled Pfizer to retain some 23 acres for its own use.<\/p>\n

Built in five phases, between 1952 and 2000, Hudson Valley iCampus comprises laboratory, office and GMP Manufacturing spaces, as well as conference rooms, dining facilities and other work and study environments. The mixed-use property has a tenant roster which includes, alongside Pfizer, companies such as Sanofi US Services Inc., Momentive Performance Materials, Auro Vaccines and Strides Pharma Inc.<\/p>\n

\n

READ ALSO:<\/strong> In the Office Sector, MOBs Are a Star Attraction<\/a><\/p>\n

\n

Pfizer now occupies 850,000 square feet at the 2 million-square-foot campus. In February, the firm inked another lease of 86,243 square feet of office and laboratory space at the campus. In addition, the company\u2019s Vaccine Research and Development Division currently occupies 109,652 square feet.<\/p>\n

Back in 2022, the pharma company announced a $470 million expansion at the 23-acre parcel it owns within the iCampus, which would include a 260,000-square-foot lab building and several new amenities. The plan was still on the table this year, as recently as April, as the project will be subject to the necessary approvals over the next couple of years.<\/p>\n

The property at 401 N. Middetown Road is less than 30 miles from Manhattan and has access to Interstate 287, as well as to the Mario M. Cuomo Bridge and New York State Thruway.<\/p>\n

IRG’s portfolio<\/h2>\n

Industrial Realty Group owns more than 100 million square feet across 31 states. The majority of its portfolio consists of industrial assets, with only 11 million square feet pertaining to office properties, according to CommercialEdge data.<\/p>\n

A major deal for IRG closed last month when it landed Schlumberger as tenant at Shreveport Business Park. The technology company signed a seven-year lease<\/a> to occupy 1 million square feet at the 3.5 million-square-foot campus in Shreveport, La.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pharma company\u2019s footprint at this suburban campus now totals 850,000 square feet.<\/p>\n","protected":false},"author":2829,"featured_media":1004677268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[36746,32799,38622],"class_list":["post-1004677267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-acore-capital","tag-cushman-wakefield","tag-industrial-realty-group"],"acf":[],"yoast_head":"\nPfizer Expands New York Lease to 151 KSF - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Pfizer Global Supply renewed and expanded its lease at Hudson Valley iCampus, bringing its total commitment to 151,000 square feet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pfizer Expands New York Lease to 151 KSF\" \/>\n<meta property=\"og:description\" content=\"Pfizer Global Supply renewed and expanded its lease at Hudson Valley iCampus, bringing its total commitment to 151,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-24T10:56:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-29T18:56:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Hudson-Valley-iCampus.-Image-courtesy-of-CommercialEdge-e1692864144120.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"921\" \/>\n\t<meta property=\"og:image:height\" content=\"691\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/\",\"name\":\"Pfizer Expands New York Lease to 151 KSF - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Hudson-Valley-iCampus.-Image-courtesy-of-CommercialEdge-e1692864144120.jpg\",\"datePublished\":\"2023-08-24T10:56:22+00:00\",\"dateModified\":\"2023-08-29T18:56:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Pfizer Global Supply renewed and expanded its lease at Hudson Valley iCampus, bringing its total commitment to 151,000 square feet.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pfizer-grows-new-york-footprint-to-151-ksf\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Hudson-Valley-iCampus.-Image-courtesy-of-CommercialEdge-e1692864144120.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Hudson-Valley-iCampus.-Image-courtesy-of-CommercialEdge-e1692864144120.jpg\",\"width\":921,\"height\":691,\"caption\":\"Plans are in motion to expand the Hudson Valley iCampus with an additional 260,000 square feet. 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