Tessy Plastics to Acquire Campus with Three Facilities

Tessy Plastics Corp. has announced its pending acquisition of a campus with three facilities: building numbers 200, 210 and 214 located at 800 Phillips Road, Webster, N.Y. The buildings were formerly owned by Xerox Holdings Corporation and will officially be subdivided by the end of 2021. The campus is approximately one hour away from the other Tessy facilities in Upstate New York.
 
This acquisition gains supplemental warehouse space and room for future growth. All three buildings add up to an estimated total of roughly 1.5 million square feet, with the largest of three buildings measuring more than 750,000 square feet.
 
“Knowing that we have the extra space to expand in the future is a strategic initiative that has always been important to Tessy. We’ve had great success in the past with having additional space. Having the extra square footage allows us to onboard programs quickly and continually adapt to our customers ever-changing needs. Just last year we took on a large medical program that required us to have a manufacturing facility readily available. In just 15 weeks, we transformed a 400,000 square foot warehouse into a state-of-the-art medical manufacturing facility in support of one of our largest customers’ needs regarding the global pandemic,” said Roland Beck, Tessy’s president.
 
Tessy plans to lease a portion of the purchased area in Webster to third party tenants and utilize the remainder as warehouse space. This is with the assumption that the buildings will later turn into full scale production plants.
 
“It’s remarkable to see how much we have grown. In 2016, we were excited to nearly double our total square footage and now we have close to triple that amount totaling close to 3 million square feet in Central New York,” Beck said.
 
Tessy will take official ownership of all three buildings by the end of the year. Two out of the three buildings are already vacant and the third will be vacant by 2022.