TechCity names Pyramid as brokers for property

TechCity Properties has named Cushman & Wakefield/Pyramid Brokerage Company as broker for the 256 acre site. Stephen 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 Coleman, associate real estate broker and Laurie Milano, licensed salesperson. TechCity's 256 acres include 2.5 million s/f 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. Pyramid is the exclusive Alliance Member in Upstate New York for Cushman & Wakefield, one of the world's largest and most respected commercial real estate services firms. This alliance gives Pyramid's professionals, who have a deep knowledge of the local region, a global reach and a wide range of resources. 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."