Real Estate

IBM Facility in Somers Sells for Nearly $32 Million

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The more than 700-acre IBM office complex on Route 100 Credits: CBRE
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SOMERS, N.Y. – The 723-acre IBM office facility at 294 Route 100 has been sold for nearly $32 million, according to the town assessor’s office.

According to a deed agreement, the property was sold for $31,750,000 on Sept. 29, to 294 Route 100 LLC. It is not clear who owns the company.

Supervisor Rick Morrissey said he does not know who the new owner is, either, but said it appears to be good news for Somers.

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"It's a new taxpayer," he said.

In May, The Somers Record reported that IBM would close its Somers headquarters. IBM, Somers’ biggest taxpayer, contributed more than $5 million annually to the town, county and school district in property taxes.

Despite losing IBM and PepsiCo, the third biggest taxpayer, in the past two years, Morrissey said Somers is in good shape. Those buildings, he said, will hopefully be repopulated soon. The town also has several new developments currently in the planning phase.

The facility includes more than a million square feet of office space on a hilltop off Route 100, between routes 116 and 138. Designed by I.M. Pei, four iconic five-story office buildings are topped by 50-foot glass-pyramid skylights, visible from Route 684. A fifth building, four stories high, houses central services.

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