THE WOODLANDS, TX — SI Group, one of the world’s leading performance additive companies, announces the closing of a transaction to sell its 81-acre corporate property, located at 2750 Balltown Road in Niskayuna, to MomentivePerformance Materials Group (Momentive). SI Group will maintain its presence in the Capital Region by opening a new office at Mohawk Harbor in Schenectady, while moving its global headquarters and research and development facilities to Texas.
SI Group has signed a multi-year lease agreement with The Galesi Group for 19,655 square feet of Class A office space in Mohawk Harbor for over 100 employees. “The Mohawk Harbor space reflects the culture we aspire to create for our employees, and we look forward to providing our New York team with access to the amenities this community offers,” said Brooke Manrique, vice- Senior President of Human Resources and Communications. at SI Group.
In addition to this transaction, SI Group recently signed a multi-year lease to relocate its global headquarters to a 15,018 square foot space in The Woodlands, Texas, north of Houston. The company has also purchased state-of-the-art laboratory space in Houston to develop a global competence center for its research and development capabilities. “We are actively growing our talent base in the Houston area – the decision to create two new spaces in this region is strategically aligned with our desire to be close to the epicenter of our industry in the United States,” noted Manrique.
SI Group will continue to operate its manufacturing site in Rotterdam Junction, which employs over 100 employees. Construction at Mohawk Harbor is expected to begin later this summer, with SI Group employees relocating in the first quarter of 2023. Commercial real estate advisory firm Cresa in Albany represented SI Group on the Mohawk Harbor lease.