KINGSTON NY, March 30, 2016 – Princeton Realty Group is honored to have been recently selected to represent Enterprise Corporate Park in Kingston NY. The Hudson Valley property, situated on the site of the former IBM plant, is zoned and approved for mixed use and includes a rail connection. Its 13 buildings have roughly 1.3 million sf of existing industrial, office and flex space. With the ability to redevelop the property to 3,000,000 sf to incorporate residential, hospitality and community uses, Enterprise Corporate Park is the Hudson Valley’s most significant redevelopment and the opportunity to create a new, revitalized Kingston. The property has long been targeted for development or can offer a user new home with an existing rental income to offset expenses.

Significant facts:
– Buyer would be acquiring the largest industrial-zoned property in the greater Kingston/Hudson Valley region. Redevelopment could change both the face and fortunes of the town and surrounding area. It has the potential to be a massive economic boon to Kingston and the surrounding areas, serving as a sorely-needed anchor since IBM’s departure.
– The area also has large work force, rail, high capacity electric, water service and easy interstate access.
– Kingston offers a prime location between NYC and Albany, and within a 5-hour radius of most major East Coast commerce centers.