Hudson Valley iCampus, New York’s hub for innovation, ingenuity and industry, has announced that it has signed three new leases and two expansion agreements in the first quarter of 2024, totaling 35,124 square feet and having a value of over $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.”
RK Pharma Inc., an American multinational pharmaceutical and biotechnology corporation that focuses on the development, manufacturing and sale of high quality and affordable generic pharmaceutical products worldwide, leased an additional 22,584 square feet of stability chamber space in Building 100. RK Pharma also leases 82,975 square feet of laboratory, manufacturing, and office space in Buildings 215 and 215A.
Allied Health Management Service Organization LLC, a healthcare company that is advancing proton therapy, leased 5,677 square feet of laboratory space in Building 205. Michael Baraldi of Cushman Wakefield represented the tenant. Robert Lella of Colliers International represented Hudson Valley iCampus.
Cosmetic, fragrance and skincare company Avon Products Inc. leased 4,719 square feet of laboratory and office space in Building 205. Robert Lella of Colliers International represented Hudson Valley iCampus.
Armistead Mechanical Inc., one of the largest employers of plumbers and pipefitters in New Jersey and the New York Hudson Valley region, leased 1,468 square feet for shop space in Building 205.
Olaplex Inc., one of the largest independent hair care brands in the world with over 100 worldwide patents, expanded its footprint by 676 square feet in Building 205 to 11,612 square feet of laboratory and office space.
Hudson Valley iCampus offers “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 it is 100% leased. Schwartz said he anticipates this leasing activity to continue in 2024.
