Real Estate In-Depth / August 17, 2023
PEARL RIVER, NY—A division of pharmaceutical firm Pfizer Inc. has signed a lease renewal and expansion totaling more than 151,000 square feet of space at the Hudson Valley iCampus here.
The deal announced by the ownership of the Hudson Valley iCampus involves PGS (Pfizer Global Supply) Division, which has expanded and renewed space at the property totaling approximately 151,065 square feet. The space will house manufacturing, laboratory, warehouse and office functions in multiple buildings throughout the 207 acre, 2 million-square-foot campus. The combined rents have a value in excess of $16 million.
Jamie Schwartz, President of Hudson Valley iCampus, represented ownership. Warren Bravermann, Senior Managing Director of Cushman & Wakefield, represented Pfizer.
Schwartz said that Pfizer’s PGS Division renewed 147,543 square feet and expanded by 3,522 square feet. In addition, Pfizer Vaccine Research and Development Division currently leases 109,652 square feet of lab and office space in multiple buildings on the campus.Read full article