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Watchtower Bible and Tract Society of NY Pay $3.2M for Flex Building

International Paper Company Sells Research and Development Facility in Tuxedo Park
September 21, 2011
Watchtower Bible and Tract Society of New York, a non-profit association, acquired the flex building in Tuxedo Park, NY from International Paper for $3.2 million, or about $17 per square foot.

The building was delivered in 1969 at 1422 Long Meadow Road. It totals about 184,900 square feet on 50 acres in the Orange County Industrial submarket.

RJ Smith from R.J. Smith Realty represented the buyer. Stephen Perfit and Peter Malone from Pyramid Hudson Valley NY Brokerage represented the seller.

Please see CoStar COMPS #2160712 for more information on this transaction.
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