The biggest New York technology park gets even bigger

Biomed Realty Trust--the huge real estate investment trust that provides real estate to biotechnology, pharmaceutical, and other companies and government agencies dealing in the life science industry--broke ground for a major expansion at their Westchester County, New York technology park, the Landmark at Eastview.

Biomed, which is headquartered in San Diego, already can call the Landmark at Eastview the largest privately-owned, multi-tenant technology park in New York State. The new $145 million space, much of which will be leased by Regeneron Pharmaceuticals Inc., includes three buildings totaling 360,000 square feet, expected to be completed next summer.

For its involvement with New York E.D., Regeneron has received a $4 million grant from Empire State Development Corporation, $3.5 million in property tax abatements, and $1.5 million in sales tax abatements from the Westchester County Industrial Development Agency.

Now that's incentive.