Hudson Valley iCampus Enters Into O&M Agreement with Constellation to Manage Property’s 23-Megawatt Power Plant

Hudson Valley iCampus has signed a long-term Operations and Maintenance (O&M) Agreement with Constellation to assume operations of the property’s existing central utility infrastructure. Hudson Valley iCampus is powered by a 23-megawatt, state-of-the-art combined heat and power plant that delivers environmentally conscious and energy-efficient electricity, steam and chilled water to the tenants on the campus.

Constellation’s approach to onsite energy operations helps deliver seamless energy service while mitigating interruptions and maintenance stress. The campus is owned by Industrial Realty Group, LLC (IRG), a real estate development and investment firm with more than 100 million square feet of commercial property across the U.S.

“One of the most unique features of our campus is the redundant, reliable, highly efficient Central Utility Plant,” said Jamie Schwartz, President of Hudson Valley iCampus. “With the ability to generate 23 megawatts of electricity, the plant can power up to 4,000 average-size homes. We needed a partner who understands the significant utility requirements of our campus, and who could also ensure increased efficiency, sustainability and safety practices. Constellation provides all that, and more.”

Constellation has an existing relationship with IRG through their mutual involvement in the Hall of Fame Village and Resort development at the Pro Football Hall of Fame in Canton, Ohio. Constellation serves as the official energy provider for both the Hall of Fame and Hall of Fame Village.

“We’re pleased to have been selected to operate and maintain the onsite energy operations and supporting infrastructure at the Hudson Valley iCampus and are excited to expand our relationship with IRG,” said John Wardle, President of Constellation’s Energy Solutions group. “We look forward to collaborating with the Hudson Valley iCampus team to provide reliable energy to campus tenants while exploring opportunities to implement additional sustainable energy solutions.”

About Hudson Valley iCampus

Hudson Valley iCampus is a 2 million-square-foot mixed-use, multi-tenanted property on 207 acres at 401 North Middletown Road in Pearl River, N.Y. The property is centrally located in the Hudson Valley and close to dining, shopping and entertainment options, with easy access to train stations, the Mario M. Cuomo Bridge, New York State Thruway, and is within 24 miles of Manhattan. Current tenants include Pfizer, Inc.; Auro Vaccines; RK Pharma, Inc.; Sanofi US Services, Inc.; and Urban Electric Power, Inc. The site is owned by Industrial Realty Group, LLC and managed by its affiliate IRG Realty Advisors, LLC. For information, contact Jamie Schwartz at jschwartz@hvicampus.com and visit www.hvicampus.com.

About Industrial Realty Group, LLC

IRG is a nationwide real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 150 properties in 31 states with over 100 million square feet of rentable space. IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate, solving some of America’s most difficult real estate challenges. For information, visit www.industrialrealtygroup.com.

About Constellation

Constellation is the nation’s largest producer of carbon-free energy and the leading competitive retail supplier of power and energy products and services for homes and businesses across the United States. Headquartered in Baltimore, its generation fleet powers more than 20 million homes and businesses and is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is 90 percent carbon-free. Constellation has set a goal to eliminate 100 percent of its greenhouse gas emissions by 2040 by leveraging innovative technology and enhancing its diverse mix of hydro, wind and solar resources paired with the nation’s largest carbon-free nuclear fleet. Constellation’s family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Visit ConstellationEnergy.com
or follow Constellation on Twitter at @ConstellationEG.