PEARL RIVER – The Pfizer campus in Pearl River has been purchased by Industrial Realty Group.
The company is buying 38 buildings of laboratory, pharmaceutical manufacturing, office and support space. Pfizer will retain and operate 500,000 square feet and leaseback 1.2 million square feet from IRG.
The huge complex, first developed over a century ago, has produced notable vaccines including for smallpox and typhoid
Rockland Business Association President Al Samuels said the purchase by IRG will put the campus back on the map and provide a significant boost to the Rockland economy.
“IRG is a fine company that has a great track record of repurposing similar sites,” Samuels said. “They have done very well in doing this in other locations and we in the RBA have great expectation that they will bring a variety of businesses with Rockland specificity.”
IRG CEO John Mase said the facility has “extensive potential.” He said the company will “pursue redevelopment with opportunities for retail, office, industrial and other commercial users.” He said the company has already had “a wide range of tenants show interest in the project.”
The campus dates back to 1907 with Dr. Ernst Lederle’s production of diphtheria antitoxins. Throughout the years, vaccines for smallpox, typhoid, and pneumonia were developed on the property.
