Binswanger Named Exclusive Agent for Medical Research Facility in Chazy, New York

NEW HAVEN, CT--(Marketwired - Jul 30, 2013) - Binswanger has been named exclusive agent by Northstar 41, LLC to represent them with the sale and/or lease of a state-of-the-art medical research facility totaling 386,060 sq. ft. on approximately 55.2 acres. The property is located at 641 Ridge Road in Chazy, New York.

The special use complex consists of 270,017 sq. ft. of R&D space, 42,343 sq. ft. of auxiliary/support space, 17,722 sq. ft. of wet lab space, and 17,000 sq. ft. of warehouse space. The R&D space is comprised of a small and a large animal vivarium, examination rooms, a "cage-washing" area, multiple support rooms, and research labs. The property also includes 39,074 sq. ft. of recently constructed office space which includes multiple private offices, bull-pen areas, conference rooms, IT/support rooms, a full service cafeteria, and several state-of-the-art large meeting rooms/auditoriums. Much of the M&E remains "in-place" making this facility an ideal turn-key opportunity.

Key features of the modern, single-story property include a massive infrastructure consisting of a first-class waste water treatment plant, on-site steam plant, four substations with 9,000 KVA total capacity and a redundant 12.5KV feeder; 100% wet sprinkler system with a 200,000 gallon storage tank; advanced telecommunications infrastructure including primary and back up data rooms; and security via a multi-point monitoring system. The layout and infrastructure of the complex make the space functional for many single-use industry types or for multi-tenancy occupancy.

The property is conveniently located one-half mile from I-87, approximately 14 miles from Plattsburgh, NY and 50 miles from Montreal, Canada.

Binswanger is aggressively marketing the property to prospects in agriculture and agricultural research industries; professional/scientific/technical services; pharmaceutical and bio-tech manufacturing and research companies; and educational services industries.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.