"We currently have leased up about 700,000 sf of the four million sf of space and we expect that within two years to have 50% occupancy and 90% occupancy in four years," Wallace notes.

The 10 buildings range in size from 905,231 sf to 71,347 sf and feature predominantly concrete and metal panel walls, 1,000 pounds per sf floor loading and ceiling heights to 26 feet. The property also includes another 65 acres of developable land. Wallace reveals that Cohen Asset Management is in negotiations with the Rochester Rhinos soccer team to build a $48 million, 20,000 seat soccer stadium at the site.

In terms of marketing the available space, Wallace and Michael Treacy, senior vice president of Binswanger/CBB, agree that the complex can appeal to a variety of users including those engaged in: high tech, biotechnology, photonics, precision manufacturing and electronics.

Wallace relates that Cohen Asset Management has subdivided the property for marketing purposes in order to achieve greater flexibility to handle prospects who might be interested in purchase and or lease deals on specific buildings at the complex.

Both Wallace and Treacy note that the pending designation as an Empire Zone will "level the playing field" and allow the property to compete with other states that are offering manufacturers and high tech firms various tax and other economic development related incentives.

Another amenity at the Rochester Technology Park is that it features the largest thermal powerhouse in upstate New York. The facility provides tenants with chilled water and steam heat.