Picotte Companies

What Picotte Companies does

Picotte Companies is a privately held commercial real estate owner-operator headquartered at 20 Corporate Woods Boulevard, Albany, New York 12211. Founded in 1933, the firm owns and manages a 15-property, approximately 1.78 million square foot portfolio of Class A and B office buildings concentrated entirely within New York's Capital Region. The portfolio is organized across three submarkets: ten buildings in the Corporate Woods office park (including 11, 12, 14, 16, 18, 19, 20, and 22 Corporate Woods plus 7 and 8 Southwoods Boulevard), four Suburban Albany assets along the Wolf Road corridor and Western Avenue (1 Park Place, 80 Wolf Road, 59 Wolf Road, and 1450 Western Avenue), and a single Downtown Albany asset at 111 Washington Avenue, located within a block of the New York State Capitol and Empire State Plaza.

The company's service offering is the direct ownership, leasing, and operation of these office buildings. Leasing is run through a single in-house broker, Tim McGuire, with on-site full-time Superintendents at the larger assets and a central tenant portal supported by a third-party work-order management system. Tenants range from professional services firms (law firms, associations) at the Downtown Capital Hill building to a broad mix of office users across the Corporate Woods and Wolf Road submarkets. Pricing is per square foot on NNN terms, with one disclosed rate of $25/SF NNN at 19 Corporate Woods.

Revenue is generated primarily through base rent, expense recoveries, parking, and ancillary tenant services across the owned portfolio. Picotte presents as a closely held, multi-generational operating company (John D. Picotte, Chairman), with no public listing, no disclosed parent, no institutional investors, and no M&A or capital-markets activity evidenced in the source material. The firm employs 101–250 people, consistent with the operational requirements of a 15-building, 1.78M SF regional office portfolio.

Name

Picotte Companies

Legal name

Picotte Companies

Website

https://picotte.com

Company type

Private

Founded year

1933

Operating status

Operating

Headcount range

101–250 employees

Short description

Picotte Companies is a privately held, family-led commercial real estate owner-operator that owns and manages a 15-property, ~1.78 million square foot portfolio of Class A and B office buildings concentrated in Albany, New York's Capital Region, serving professional services and government-affiliated tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate (6500)

akta.pro primary industry

Office Property Management (BPAJAGAA)

Keywords

• Commercial real estate
• Office leasing
• Property management
• Tenant services
• Class A office

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Core offering

Picotte Companies owns and manages a portfolio of 15 commercial office properties across three Albany, NY Capital Region submarkets: the Corporate Woods office park (10 buildings), Suburban Albany (4 buildings), and Downtown Albany (1 building). The company leases Class-A and mid-tier office space ranging from roughly 5,000 SF to 375,000 SF, with on-site full-time Superintendents, a tenant portal, and a tenant service request system supporting building operations.

Product overview

Picotte Companies offers a unified portfolio of 15 commercial real estate properties in New York's Capital Region, organized as a single integrated offering across three submarkets rather than a platform-plus-modules product architecture. The portfolio includes eight buildings within the Corporate Woods office park (11 Corporate Woods, 12 Corporate Woods, 14 Corporate Woods, 16 Corporate Woods, 18 Corporate Woods, 19 Corporate Woods, 20 Corporate Woods, and 22 Corporate Woods) plus two additional Corporate Woods buildings at 7 Southwoods Blvd and 8 Southwoods Blvd; four Suburban Albany properties (1 Park Place, 80 Wolf Road, 59 Wolf Road, and 1450 Western Avenue); and one Downtown Albany property (111 Washington Avenue). Each property is offered as a distinct leasable commercial office building, with the larger flagship assets such as 11 Corporate Woods (375,000 SF), 22 Corporate Woods (240,000 SF), 20 Corporate Woods (152,000 SF), 80 Wolf Road (150,000 SF), and 1450 Western Avenue (125,000 SF) providing premier Class-A office space, while 19 Corporate Woods provides a smaller single-story standalone with drive-thru lanes. All properties are supported by Picotte's on-site full-time Superintendents, tenant portal, and tenant service request management.

Differentiator

Problem solved

Functional benefit

Products and services

• 19 Corporate Woods Single-story standalone commercial building in Corporate Woods, a premier Capital Region office park, offering 5,184 SF and two drive-thru lanes. Listed at $25 sq ft NNN.
• 11 Corporate Woods Corporate Woods' largest building (375,000 SF) featuring a distinctive blue glass exterior, multi-level parking garage, vehicle charging stations, and a power generator. Available space includes multiple floors ranging from 4,960 SF to 25,826 SF.
• 12 Corporate Woods Four-story 96,000 SF commercial office building in Corporate Woods, one of the first buildings seen when entering the park from Interstate I-90. Available space includes 1st Floor (5,288 SF, 1,629 SF), 3rd Floor (13,225 SF), and 4th Floor (8,467 SF).
• 14 Corporate Woods Two-story 50,000 SF commercial office building in Corporate Woods featuring a computerized energy management system and multi-zone roof top HVAC system. Available 1st Floor spaces total 16,547 SF across three units.
• 16 Corporate Woods Two-story 50,000 SF commercial office building in Corporate Woods accommodating a wide variety of custom layouts. Features zoned rooftop units and one shared loading dock. Available spaces across 1st and 2nd Floors total 21,654 SF.
• 18 Corporate Woods Four-story 97,000 SF commercial office building in Corporate Woods featuring a striking brick and glass facade. Available spaces across 1st, 2nd, and 3rd Floors include units from 1,074 SF to 7,665 SF.
• 20 Corporate Woods 152,000 SF commercial office building in Corporate Woods, one of the most prestigious office addresses in the Capital Region. Features a full-service cafe, ample covered parking, and a 2-bay loading dock. Available spaces range from 1,650 SF to 3,809 SF across Lower Level, 2nd Floor, and 3rd Floor.
• 22 Corporate Woods 240,000 SF multi-tenant commercial office building in Corporate Woods, highlighted by covered parking in an attached two-story garage, an emergency power generator, and 3 passenger plus 1 freight elevators. Available spaces span 1st, 4th, and 5th Floors up to 23,725 SF.
• 7 Southwoods Blvd Four-story 100,000 SF commercial office building in Corporate Woods accommodating a wide variety of custom layouts. Features a computerized energy management system, multi-zone hydronic heat pump system with separate controls every 1,100 SF, thermopane windows, and 1 raised loading dock.
• 8 Southwoods Blvd Four-story 100,000 SF commercial office building in Corporate Woods with a computerized energy management system, multi-zone hydronic heat pump system, thermopane windows, raised access floors, and a Daycare Center in Corporate Woods Park. Available spaces total 20,844 SF across Main, 2nd, and 3rd Floors.
• 1 Park Place Four-story 100,000 SF commercial office building in the Wolf Road submarket of Suburban Albany with efficient 25,000 SF floor plates, multi-zone heat pump system, multi fiber optic providers, and 1 bay loading dock. Available spaces include 2nd Floor (19,838 SF) and 4th Floor (4,749 SF).
• 80 Wolf Road Six-story 150,000 SF commercial office building of classic brick and glass design on Wolf Road in Suburban Albany. Features a café and bank branch on premises, card access for after-hours entry, multi-zone air handling units, 2 passenger plus 1 passenger/freight elevators, and 1 loading dock. Available spaces span 3rd through 6th Floors from 1,197 SF to 11,783 SF.
• 59 Wolf Road Two-story 31,000 SF masonry commercial building on Wolf Road in Suburban Albany designed for flexibility for both office and retail use, directly adjacent to Colonie Center. Features multi-zone rooftop units, ample parking, and 1 passenger elevator. Available 2nd Floor space of 13,554 SF.
• 1450 Western Avenue Five-story 125,000 SF commercial office building in Suburban Albany near SUNY Albany, featuring a striking steel and glass curtainwall exterior. Includes a multi-zone VAV system, vehicle charging stations, 2 passenger plus 1 freight elevator, 2 bay loading dock, and full sprinkler/fire alarm system. Available spaces total 12,408 SF across 1st and 3rd Floors.
• 111 Washington Avenue 103,000 SF commercial office building on Capital Hill in Downtown Albany, home to many law firms, associations, and government affairs specialists, located less than a block from the Capitol and Empire State Plaza. Features multi-zone air handling units, perimeter fan coil units, multiple fiber optic providers, a café on premises, card access system, computerized Energy Management System, and fire alarm with remote monitoring. Available spaces span 1st through 7th Floors.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights1 record

Direct peers

• SL Green Realty Corp: SL Green is one of the largest publicly traded office REITs in the U.S., focused on owning and operating office properties in the New York region. Like Picotte, it is a landlord-operator of office assets in the New York market and faces similar secular and geographic dynamics around office demand.
• Empire State Realty Trust: Empire State Realty Trust owns and operates a portfolio of office and retail properties in New York City and the broader New York region. It is directly comparable to Picotte as an owner-operator of Class-A office in the New York footprint with a vertically integrated property management platform.
• Vornado Realty Trust: Vornado is a New York-focused office and retail REIT, concentrated in Manhattan. It is a direct comparable to Picotte in terms of asset class (urban/suburban office), geographic region (New York), and owner-operator business model.
• Boston Properties (BXP): BXP is the largest publicly traded developer and owner of Class-A office properties in the U.S. Like Picotte, it focuses on premier, amenitized office assets in high-barrier submarkets and operates a vertically integrated property management capability.
• Highwoods Properties: Highwoods is an office-focused REIT concentrated in the best business districts of secondary markets in the Southeast. Its focus on mid-tier, high-quality office submarkets mirrors Picotte's positioning within Albany's premier submarkets.
• Cousins Properties: Cousins is a pure-play Sunbelt office REIT focused on high-quality office assets in submarkets with strong economic growth. It is comparable to Picotte in business model (owner-operator of Class-A office with in-house property management), though it operates in different geographies.
• Piedmont Office Realty Trust: Piedmont is an office REIT that owns and operates Class-A office properties in select U.S. markets. It is a direct comparable to Picotte in terms of asset class and operating approach, though at a larger, publicly traded scale.

Broad incumbents

• CBRE Group: CBRE is the world's largest commercial real estate services firm, with broad capabilities in property management, leasing, and capital markets. It is comparable to Picotte in the property management and office leasing functions, though CBRE serves as a third-party service provider across all asset classes globally.
• JLL (Jones Lang LaSalle): JLL is a global commercial real estate services and investment management firm offering property management, leasing, and advisory services. It is comparable to Picotte in the property management and leasing capability, though at vastly greater scale and asset-class breadth.
• Cushman & Wakefield: Cushman & Wakefield is a leading global commercial real estate services firm with property management, valuation, and leasing services. It competes with Picotte in the property management and office leasing space, but as a global third-party services platform rather than a principal owner.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Picotte Companies