FOR IMMEDIATE RELEASE
Lynne M. Ward
East Fishkill, New York – September 1, 2017 – National Resources (NRE) has acquired the former IBM East Campus in Fishkill, New York. NRE is taking ownefulfillment00-acres of land with 2 million square feet of buildings from GlobalFoundries.
The Campus is set to become one of NRE’s signature i.Park’s, a branded mixed-use tech/flex redevelopment with retail, hotel and residential components.
GlobalFoundries, with 2,500 employees, will continue to own 160-acres where it manufactures the 300 mm wafer and will lease several buildings from NRE. IBM and eMagin will lease offices, laboratories and clean rooms keeping the tech heart of the park in place. Several high bay spaces are to be leased to new users and high cube build-to-suit warehouses have been designed for distribution and fulfillment centers seeking the direct access to I-84 and New York City at this location.
Over the past six months, NRE has been working with Dutchess County Executive’s Office, Think Dutchess Alliance for Business, the Town of East Fishkill and Empire State Development prepare the site with the suitable zoning and parcel subdivision in order to secure users for its new commercial, industrial and mixed-use facilities.
Joseph Cotter, President of NRE and Lynne Ward, Executive Vice President, are striving for another success to compliment their fully leased portfolio of i.Parks in the NY/CT Metro Area. NRE is a specialist real estate development and investment firm that focuses on the redevelopment of corporate industrial sites and is best known for its landmark waterfront residences and innovative i.Parks. These branded i.Parks take full advantage of infill locations accessible to commercial centers and transportation nodes. Current and past projects include i.Park Hudson in Yonkers, New York; i.Park Norwalk in Norwalk, CT and i.Park Lake Success in Long Island, NY.
“The business plan is to take advantage of the $1 billion in infrastructure that currently exists at the site and provide new warehouse distribution opportunities in the I-84 corporate growth corridor. The skilled workforce in the area should be a major attraction for employers,” according to Joseph Cotter.
For more information on National Resources, visit http://www.NationalResources.com.
# # #