Hudson Valley iCampus officials attribute the property’s success to having “plug and play” laboratory, manufacturing, and support space available for immediate occupancy.

PEARL RIVER—The ownership of the Hudson Valley iCampus, the former headquarters of Pfizer, announced recently three new lease deals and two expansion transactions totaling 35,124 square feet of space. The deals had an aggregate value of more than $4 million.

“Many of the deals were for laboratory uses,” said Jamie Schwartz, President of Hudson Valley iCampus. “Although the headlines report Life Sciences and Biotech investments slowing due to high interest rates and other factors, we continue to experience brisk leasing activity from both large and small companies.”

Hudson Valley iCampus officials attribute the property’s success to having “plug and play” laboratory, manufacturing, and support space available for immediate occupancy. For example, Building 205, a 125,000-square-foot, tenant-ready laboratory building, was 40% leased two years ago, and now is 100% leased. Schwartz anticipates this ‘brisk” leasing activity to continue in 2024.