March 23, 2017
FOR IMMEDIATE RELEASE
Kingston Local Development Corporation Approves Sale of Vacant Building at Kingston Business Park for $750,000
(Kingston, N.Y.) The Kingston Local Development Corporation (KLDC) has approved the sale of the former Armor Dynamics building, located at 44 Corporate Drive in the Kingston Business Park, to the Bruderhof for $750,000.
“We are very pleased to announce the upcoming sale of this building and the major investment the Bruderhof are again making in our community,” said Mayor Steve Noble, who serves as the President of the KLDC. “In addition to establishing a business that will create good quality jobs in our community, this sale will return the property back on the tax rolls.”
Built in 2008, the building includes 10,808 square feet of office and light manufacturing space and an additional 6.9 acres of land. The building has sat vacant since September 2013. Proceeds from the sale will go directly to the KLDC and will be used to reinvest into the Kingston Business Park.
"The Bruderhof looks forward to supporting the start-up of a cut and sew business within the next year to bring in 20-25 new local jobs over the next three years,” said the Development Director John Rhodes. “Kingston has a rich history of textile and cut and sew industry such as Wonderly’s. It is an exciting prospect to reinvigorate this aspect of the local economy and Kingston’s history by bringing new local employment opportunities to the City of Kingston to support local families.”
The sale is pending approval from the New York State Authorities Budget Office. Pursuant to Section 2897(6)(d) of the NYS Public Authority Law, the KLDC is required to provide an explanatory statement for the disposal of property by negotiation.
About the Kingston Local Development Corporation
The primary purpose of the KLDC is to stimulate investment within the City of Kingston that results in quality of life and economic sustainability for its residents. For more information, please visit www.kingston-ny.gov/KLDC or contact Amanda Bruck-Little at 334-3930 or [email protected].
About the Kingston Business Park
The Kingston Business Park is a light industrial park, 107 acres in size and of those acres, approximately 65 acres can be used for the construction of buildings and parking areas. Each site at the Business Park can be customized to meet a tenant's needs. Municipal water, sewer, underground electric and natural gas are all in place today adjacent to the site lines. A tenant can site a custom built facility on a fully served parcel, buffered from the other parcels, in a campus-like setting. The Business Park offers excellent amenities including beautiful views of the Hudson River and Catskill Mountains.