WATCHTOWER PURCHASES 50-ACRE CAMPUS IN N.Y.

TUXEDO PARK, N.Y. — Brooklyn-based Watchtower Bible and Tract Society has purchased a 50-acre, 183,000-square-foot research and development campus from the International Paper Co. in Tuxedo Park located at 1422 Long Meadow Rd. for $3.2 million. Watchtower plans to construct its world headquarters at the site. Steve Perfit and Peter Malone of Cushman & Wakefield/Pyramid Brokerage Co. represented the seller, and Goshen, N.Y.-based R.J. Smith Realty represented the buyer.