Tessy Plastics today said it has a deal to buy a three-building campus totaling about 1.5 million square feet in Webster, New York.
The three buildings — 200, 210 and 214 at 800 Phillips Road, formerly owned by Xerox — are about an hour’s drive from Skaneateles, New York-based Tessy’s other facilities in Upstate New York.
The largest of the three buildings measures more than 750,000 square feet.
The purchase is expected to close by the end of 2021, and the three buildings will be subdivided by that time. Two of the three buildings are vacant, with the third to be unoccupied by 2022.
Tessy plans to lease some of the space to third-party tenants and use the rest as warehouse space. All three buildings are likely to eventually become production plants.
“Knowing that we have the extra space to expand in the future is a strategic initiative that has always been important to Tessy,” President Roland Beck said in a news release. “We’ve had g…