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Kodak offers its upstate NY business park for sale

Published on NewsOK Modified: March 25, 2014 at 2:10 pm •  Published: March 25, 2014

ROCHESTER, N.Y. (AP) — Kodak is looking for a buyer for its 1,200-acre Eastman Business Park so that it can focus on its commercial imaging businesses, company officials said Tuesday.

The photography and film pioneer, which emerged from bankruptcy in September, has for several years been marketing the park to outside tenants. More than 50 companies currently operate on the site, which includes a power plant and in-plant railroad.

"Eastman Business Park is already on the path to becoming a powerful economic growth engine for our region and a vibrant center of invention to several technology sectors," Chief Executive Officer Jeff Clarke said in a news release. "A strong new owner will expedite that process. At the same time, Kodak needs to focus on what it does best: innovating and delivering superior solutions to customers around the world."

Kodak would maintain a significant presence at the site and become a tenant of the new owner, spokesman Christopher Veronda said.

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