Web Firm Secures Leases in Dutchess and Fairfield Counties

WAPPINGERS FALLS, NY-What a week for Dutchess County, NY. Several days after IBM announced it would develop a $2.5-million semiconductor chip plant in East Fishkill, comes word that a Connecticut-based Internet firm has signed what some believe is the largest office lease deal in memory here.

Cervalis LLC has signed a lease for 71,500 sf of space at 165 Meyers Corner Rd. in Wappingers Falls, a 143,000-sf building owned by Laerdal Medical Corp., which operates out of an adjoining building in the complex. Gordon Rutherfurd, director of business attraction for the Dutchess County Economic Development Corporation, says the firm had applied for and was awarded $115,000 in employee training grants by the Dutchess County Industrial Development Agency earlier this week.

Rutherfurd says, “Several days after IBM announced the largest capital investment in New York State history here now is this deal, which is the largest lease transaction in years in Dutchess County.”