Patroon Creek Corporate Center

Patroon Creek Corporate Center

Albany, New York

SITE
50 Acres | 260,000 SF
Office, Healthcare, Technology

SERVICES
Owner
Joint Venture Partnership
Fee Developer
Market & Site Analysis
Construction Management
Property Manager

The Patroon Creek Corporate Center is one of the most successful commercial office mixed-use complexes in the region. The 50-acre campus offers a wealth of first-class amenities in a beautifully landscaped campus setting and is home to the 180,000 square foot Capital District Physicians’ Health Plan Headquarters (CDPHP), the 161,000 square foot Multi-care Medical Center, and the 35,000 square foot headquarters of First Niagara Regional offices.

The complex is situated amidst Albany’s technology and education hub, which includes the University of Albany, The New York State Police Academy, and the Albany Nanotech Complex. This complex is an extension of the city of Albany’s medical corridor situated on Washington Avenue and conveniently located, accessible via the New York State Thruway, I-90 and Route 85.

 

The Patroon Creek campus was constructed to address environmental concerns and sustained growth, making it easier for businesses to work efficiently while remaining cost effective. Home to a growing number of financial institutions and numerous primary care physicians, diagnostic and pharmaceutical centers, the complex is a natural extension of Albany’s medical corridor.

The Buildings

400 Patroon Creek
Asset Sold

Acquisition of approximately 8.2-acre parcel of land. Construction of approximately 161,000 square feet of commercial office space and other personal property, including occupant improvements, finish, equipment and machinery.

455 Patroon Creek
Owner

This 42,000, two-story building located in the Patroon Creek office park was constructed with steel reinforced concrete foundation systems, a structural steel frame and brick veneer. It is wired with fiber optic technology, and is approved for office, medical and technology office space.

500 Patroon Creek – CDPHP
Fee Developer

This 3-story, 180,000 square foot office building was built specifically for CDPHP. The project included acquisition of approximately 8-acres of land, construction of the building, and the installation of necessary equipment. The project was advanced once CDPHP made the decision that the organization had outgrown its facilities located in the town of Colonie and desired the consolidation of its operation into a single location to eliminate the operational difficulties associated with multiple buildings.

500 Patroon Creek is now a landmark along I-90.

555 Patroon Creek – Key Bank
Owner

This project consisted of the acquisition of approximately 2-acres of land as well as the construction of a two-story, 35,000 square foot commercial office building, the installation of a variety of equipment, machinery and other related property. The site includes 465-car spaces for parking.