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BAE Systems Portfolio
Asset ClassIndustrial, Office
overview of deal

Overview

Opportunity to acquire a +409,109 SF BAE Systems portfolio leased through 2/28/39 with annual rent escalations. Since 2011, BAE Systems has been thriving and expanding throughout the former IBM HQ campus in Endicott, NY. The tenant has invested over $300M into the infrastructure and equipment at these facilities and has received support from the State of New York legislature that directly contributes to the growth of this campus. This mission critical BAE Systems campus specializes in the propulsion systems for EV buses, the electrification of aircraft, manufacturing of flight control systems and avionic solutions, and the future use of the lithium-ion battery in marine systems propulsion.

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Investment Highlights

- 14 years of lease term remaining

- Over $300M of capital investment by BAE Systems into infrastructure and specialized equipment

  • Recent $7M Grant from State of New York

- Over 1,400 employees on site

  • Recent addition of 134 highly skilled employees

- Annual Rent Escalations

Sales Team

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Listing provided by Revere CRE