EXECUTIVE PARK TOWER AT STUYVESANT PLAZA TO WELCOME FIRST TENANT

ALBANY, N.Y. – Stuyvesant Plaza, Inc. today announced that the landmark property Executive Park Tower at Stuyvesant Plaza will welcome its first tenant to the newly renovated office building which has been upgraded to offer Class A amenities for area businesses.

Alloya Corporate Federal Credit Union (Alloya), which provides critical cooperative services to 1,500 member credit unions throughout the country, will occupy 12,797 square feet on the fourth floor of Executive Park Tower beginning October 14.

The arrival of Alloya follows a multi-million dollar capital investment project at Executive Park Tower, which began in January 2013. Located adjacent to Stuyvesant Plaza, Executive Park Tower is a Class A facility designed to attract an assortment of private area companies and firms to Albany.

“We are thrilled to welcome Alloya to Executive Park Tower. Stuyvesant Plaza, Inc. has invested a great deal of time and energy into creating world-class offices in an ideal and convenient setting for Capital Region businesses,” said Janet Kaplan, vice president of real estate for Stuyvesant Plaza. “We look forward to continuing to support Albany’s economy as we welcome more companies to Executive Park Tower in the coming months.”

Based in Warrenville, Illinois with additional offices in Southfield, Michigan and Covina, California, Alloya has operated an Albany office since 1977.  The Executive Park Tower office will house 35 employees from the Alloya team.

“Moving to Stuyvesant Plaza and signing a long-term lease will allow us to continue to serve credit union members at the highest level for the foreseeable future,” said Timothy Bruculere, senior vice president for Alloya. “This facility will also provide new amenities to staff, including a central location to highways, and of course, walking distance to great shops and restaurants.”

The 10-story iconic steel and glass office building underwent a multi-million dollar renovation and rehabilitation project following the departure of the New York State Department of Criminal Justice Services (NYSDCJS) in December 2012, when the agency, which occupied nearly 90 percent of the tower, relocated to the Alfred E. Smith Building in downtown Albany as part of the state’s ongoing restacking initiative.

The building was gutted and renovated with new ceilings, floors, lights, heating and electrical systems and other amenities. Other features include a first-class lobby, state-of-the-art destination dispatch elevators, an oversized freight elevator, and a new energy recovery ventilator system. Available office spaces are being customized to meet the specifications and needs of incoming tenants.

Executive Park Tower is immediately adjacent to Stuyvesant Plaza, the Capital Region’s premier lifestyle shopping center featuring over 55 retail stores, including ten specialty restaurants. The Class A commercial office building sits on 12 acres, features on-site parking for over 1,000 cars and offers 170,000 square feet of office space.

About Stuyvesant Plaza

From one-of-a-kind shops to the finest nationally known names in retail, Stuyvesant Plaza is home to Talbots, Ann Taylor Loft, White House│Black Market, Crabtree & Evelyn, Chico’s, Eastern Mountain Sports, Jos. A. Bank Clothiers and over 50 other unique shops and restaurants in a spectacular setting. In 2009, Stuyvesant Plaza commemorated 50 years as the premiere lifestyle shopping center and professional office park in the Capital District.