National Resources buys large chunk of former IBM campus


Resources (NRE) has acquired 300-acres of the former IBM East Fishkill
campus in East Fishkill. The property, with its two million square feet
of buildings was purchased from GlobalFoundries, which 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. Several
high bay areas are also to be leased to new users and high cube build-to-suite
warehouses have been designed for distribution and fulfillment centers.

The purchase price of the new NRE acquisition was not mentioned in a company
news announcement.

The campus is set to become one if NRE’s i.Parks, a branded mixed-use
tech/flex redevelopment with retail, hotel and residential components.

“Thanks to the hard work of the Town of East Fishkill, GlobalFoundries
and National Resources, we will soon see big things happening on this
site,” said Dutchess County Executive Marcus Molinaro. “Think
Dutchess Alliance for Business will work hand-in-hand with National Resources
to attract commercial, industrial and mixed-use development to the site.”


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