By eporter on October 29, 2026
The Offering
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| CBRE is pleased to present the opportunity to acquire Cornell Business and Technology Park & Parkview Healthcare Campus (the “Portfolio”), an office, medical, research, lab & high-tech assembly campus located in Ithaca, NY. The Portfolio is a 397,297 SF office campus divided into two different parts: Cornell Business and Technology Park, which consists of lab, research, technology & traditional office space, and Parkview Healthcare Campus, which consists solely of medical office space. The Portfolio spans across a campus of 18 separate buildings on 300 acres. The Portfolio is encumbered by multiple ground leases with Cornell University as the Lessor, which expire in April 2071 to June 2076 (45 – 50 years remaining).
The buildings are Lender Owned Assets and are available for purchase as a portfolio, campus, or by individual building.
The Portfolio is only 2.5 miles (6-minute drive) from Cornell University, a premier Ivy League institution that was founded in 1865, with over 26,000 undergraduate & graduate students, that is known for its top-tier research programs and elite academics across diverse disciplines. In 2026, Cornell University was ranked #12 in National Universities by U.S. News & World Report Rankings. Cornell University is known for its renowned Engineering & Computer Science programs, which consistently rank in the Top 10 programs in the U.S. for undergraduate engineering and computer science, with particular strength in AI and software engineering. |
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| Executive Summary |
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70.3%
Portfolio Occupancy$4,873,803
Year 1 Proforma NOI
18
Total Buildings |
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397,297 SF
1993-2009
Year(s) Built
Ithaca, NY
Submarket
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| Investment Highlights |
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| – Proximity to Cornell University, a Top-Tier Talent & Business Driver
– Institutional-Quality Business Park Setting on a 300-acre campus
– Stabilized Cash Flow with Embedded Upside by Leasing the Vacant Space
– Available Space Ideally Positioned for University Partners & Startups
– Direct Airport Adjacency to Ithaca Tompkins International Airport |
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| Cornell Business & Technology Park |
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| Cornell Business and Technology Park (“CBTP”) is 335,965 Total SF (84.6% of Total Portfolio GLA) and is currently 69% occupied with an average in-place rental rate of $25.88/SF. CBTP is anchored by tenants including Menlo Micro (67,684 SF), Q2 Solutions (33,388 SF), Advion (25,539 SF), Cayuga Medical Center (23,000 SF), and Tetra Tech (16,032 SF). CBTP is comprised of 13 buildings and is directly adjacent to Ithaca Tompkins International Airport. |
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| Parkview Healthcare Campus |
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| Parkview Healthcare Campus (“PVHCC”) is 61,332 Total SF (15.4% of Total Portfolio GLA) and is currently 74% occupied with an average in-place rental rate of $33.53/SF. PVHCC is anchored by tenants including Cayuga Medical Center (25,156 SF), OB-GYM Associates of Ithaca (7,030 SF), and Dr. Ferrer & Monaghan (4,315 SF). PVHCC is located directly adjacent to CBTP, just south of State Route 13. |
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| Contact Us Today |
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Kyle Prawdzik
CBRE
+1 (412) 867-9899
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Laurie Tylenda, SIOR
CBRE
+1 518 429 6175
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Bill Anninos
CBRE
+1 315 422 4200 x 315
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Brendan Bash
CBRE
+1 (724) 840-0859
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Alex Caro
CBRE
+1 (412) 592-1129
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Posted in Breaking News, Companies & People, Life Sciences, Outpatient Projects
