Rockland County Business Journal / January 24, 2022
Jamie Schwartz Is Focused On Life Sciences, Warehousing And Medical Uses For Pearl River’s Renamed (Hudson Valley iCampus) Sprawling Industrial Campus
The former Pfizer campus in Pearl River remains largely ghostly seven years after being purchased for $40 million by Industrial Realty Group, LLC a privately held California-based company that operates a portfolio of more than 120 properties in 28 states totaling more than 100 million square feet of rentable space.
Now a seasoned real estate veteran has assumed the reins to steer the campus into an era of revitalization through rebranding, a deep well of real estate contacts cultivated over more than two decades, and a keen sense of where the winds of the real estate market are blowing.
By many accounts Jamie Schwartz, the recently named president of the newly branded Hudson Valley iCampus, is the man to give the mostly vacant but sprawling 207-acre campus the shot in the arm in needs. Nearly 75 percent of the 2-million-square-foot mixed use, multi-tenanted campus in Pearl River is vacant but Schwartz is underway with an aggressive marketing effort to lease the property, which has roughly 25 vacant buildings.
Current IRG tenants include Pfizer, Sanofi, Profectus, Biosciences, Urban Electric Power and NuBiyota. Last January, the New Jersey-based RK Pharma, a drug company that develops injectable and oral pharmaceuticals, signed a long-term lease with IRG (Industrial Realty Group, LLC) for 83,000 square feet in Building 215 and its annex.
Read full article