The Troy Record | June 3, 2014

Two Businesses Help Hedley Building Reach Near Capacity

This is a 2012 file photo of the exterior of Hedley Park Place at 433 River St. in Troy. J.S. Carras — The Record

Two businesses are now calling Collar City’s Hedley building home, as the building fills to near capacity

First Columbia real estate development company continues to fill the vacancies left behind when 600 state Department of Health employees departed in 2012, leaving more than 130,000-square-feet empty.

The Hedley dipped below 32 percent occupancy after the withdrawal, but occupancy is now at more than 90 percent. The building is occupied by a mixture of nearly equal percentages of educational, healthcare, fortune 500, high tech and government tenants.

Filling a portion of that void are two tech-based companies with significant growth rates.

As engineering firm kW Mission Critical Engineering is growing in its hometown, software engineering company Apprenda is becoming acquainted with the city, all under the roof of Hedley Park Place, a nine-story, 272,000-square- foot corporate office building on Troy’s waterfront.

kW Mission Critical Engineering, a firm specializing in mission critical facilities, moved its headquarters to the Hedley building in 2012. The company was one of the first tenants to move in after the health department left Troy.

Since then, they’ve outgrown their 6,000 square feet and are now moving to a different floor, doubling in size to a 12,000 square foot space. The company’s 30-person staff is expected to grow to 50 employees within the next two years.

“We have officially run out of room,” co-founder James Warren said in a press release Monday. “This move will give us more space to grow.”

Down a few floors, Apprenda is the new neighbor at the Hedley. This software engineering leader decided to make the Collar City its new headquarters. Founded in Clifton Park in 2007, Apprenda set up shop in Troy this month. The company is currently leasing 20,000 square feet with an option to grow to 35,000 square feet within two years.

Apprenda’s senior director of marketing Jesse Kliza said the company moved to Troy because of its growing creative culture, walkability and convenience for employees.

Having close ties with Rensselaer Polytechnic Institute was a plus, too. Two of the company’s founders, Abraham Sultan and Sinclair Schuller, are graduates and the school has been a resource for employee recruiting.

The tech trend is no coincidence. “Our goal was to attract high tech and professional companies, whose employees are capable of supporting the city and its economy,” said Victoria Harris, marketing director of First Columbia in Monday’s press release. “We’re treating the Hedley building as a company incubator, of sorts, because we can work with early stage ventures and meet their needs as they grow within our buildings.”