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TECHCITY NAMES PYRAMID BROKERAGE COMPANY AS EXCLUSIVE BROKER


Date Posted: May 15, 2014

May 2014 – TechCity Properties has named Cushman and Wakefield/Pyramid Brokerage Company as Broker for the 260-acre site in Ulster County, New York. Stephen J. Perfit, Senior Executive Director of Pyramid’s Hudson Valley Office in Newburgh, will lead the assignment, along with a team of professionals from his office: Brian J. Coleman, Associate Real Estate Broker and Laurie Milano, Real Estate Salesperson.

TechCity’s 260-acres include 2.5 million square feet of space in existing buildings and a large amount of open land available for development.  Through a partnership with Ulster Community College, a portion of the site has been included in the State’s “Start-Up New York” program, which offers the potential for significant tax advantages to certain business that locate there.

TechCity is located 90-minutes from New York City and 60-minutes from Albany.  TechCity’s ability to offer outstanding existing infrastructure, an approved master plan for future improvements, ease of access by rail, road and air to markets from the mid-Atlantic to Canada, and potentially generous tax incentives from the State of New York, make it an ideal location for established or emerging businesses.

Mr. Perfit said: “With a quality of infrastructure that isn’t seen in most developments, an approved master plan envisioning diverse uses, opportunities for occupancy in existing buildings or new construction in scenic locations in the heart of the Hudson Valley, TechCity has a great deal to offer.  The inclusion of part of the property in Start-Up New York could provide additional opportunities to companies that are able to qualify for it.”

Alan Ginsberg, CEO of TechCity Properties, said: “Steve Perfit knows both the local community and the national and global real estate markets. His experience and expertise are already proving valuable in positioning TechCity for success.”

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