Regeneron Taps JLL to Market Property
In Suffern, Formerly Avon’s R&D Facility
NEW YORK—Commercial brokerage firm JLL announced on Feb. 17 that it has been exclusively retained to market the former Avon Products R&D facility at 1 Avon Place, a 235,000/sf Class A building in Suffern, NY for sale or lease.
The firm was hired by Westchester County-based biotechnology company Regeneron Pharmaceuticals, which abandoned plans last November to spend $139 million to renovate the former Avon Products facility which it had acquired in December 2023 for $38,875,000. from Avon Capital Corp.
The three-story property, which was the former innovation center for global beauty brand Avon, is purpose-built for research and development and offers a highly flexible layout supported by existing lab, office and technical infrastructure. The site has flexible zoning that allows for a broad range of uses and future redevelopment potential, including continued research and development use as well as conversion to healthcare, data center and other permitted uses, JLL officials stated.
Situated on nearly 10 acres, 1 Avon Pl. is fully equipped with institutional-grade infrastructure, including 34 fume hoods, DI water, compressed air and vacuum systems, natural gas to bench tops, a gas detection system, dual 900-ton chillers, 4,000 amps of total power and a 750-kilowatt emergency generator. Existing uses span clinical testing, pilot plant operations, microbiology and analytical labs, executive offices and technical service areas.
The JLL team marketing the property is being led by Vice Chairman Dan Loughlin, Senior Managing Director Jeremy Neuer and Vice President Matt Loughlin.
“Properties of this scale and quality rarely come to market in Rockland County,” said Mr. Loughlin. He said the property offers “a compelling combination of best-in-class infrastructure, flexible zoning and exceptional regional access. Whether for an owner-user seeking an R&D environment, an investor pursuing long-term value or a tenant looking to establish a flagship facility, this asset provides multiple paths to execution.”
The property features 565 parking spaces, 75,000/sf floor plates, a glass atrium lobby, 15.5-foot slab-to-slab heights, 24/7 gated security and three covered loading docks. The basement level serves as a hub for technical service operations.
Published: February 17, 2026