First Columbia Property Services Establishes FCP: Genuine Real Estate as Dedicated Third-Party Services Division
First Columbia Property Services, a long-standing name in Capital Region commercial real estate, is establishing a third-party services division – FCP: Genuine Real Estate. This creates a clear, standalone identity for the company's property management, leasing, and construction services. FCP is designed to be immediately recognizable to external property owners as a full-service real estate partner capable of consistently handling large projects with expertise.
The organization is led by newly promoted Partners Cecelia Bette and Kevin Prunty, whose combined experience spans leasing, property management, development, and construction oversight across the Capital Region. FCP’s tagline, “Genuine Real Estate,” reflects its approach to every client relationship. The company values communication, hands-on execution, and long-term partnership, ensuring clients receive consistent results at every stage of a project.
FCP serves a diverse client base that includes Fortune 100 companies and organizations across healthcare, finance, insurance, and life sciences sectors. This wide range of experience allows the team to adapt to the unique needs of each client and project.
Recent third-party work includes the successful repositioning of a 50,000 square foot vacant facility on Troy Schenectady Road, which represented a joint venture partnership. FCP represented the landlord-side ownership group in coordinating a full redevelopment strategy, including tenant relocation, a 40,000-square-foot fit-up, and a building addition, all completed within a four-month timeline to meet occupancy requirements. The project also included oversight of design and budgeting, coordination with the tenant’s project team, and facilitation of the financing and loan closing process for the ownership group.
“This is an exciting time in the new company as well as an exciting opportunity in our market. We offer a comprehensive range of services that combines brokerage, design & construction, and management. The project for our client on Troy Schenectady Road is a great example of this. From the first RFP, design and budgeting, all the way until the tenant occupied the space, we provided all of the services necessary for a successful project,” said Kevin Prunty, Partner at FCP. “When we represent a buyer in the market, we can show design mockups prior to purchase. After closing, our construction team is ready to facilitate any of the changes that are needed.”
Another example of FCP’s comprehensive approach can be seen at the Albany College of Pharmacy and Health Sciences’ 150,000-square-foot Research and Development Facility. Since assuming management of the property, FCP has increased occupancy from approximately 50 percent to more than 98 percent through strategic leasing and tenant recruitment efforts. FCP led the leasing, design, and construction of more than 20,000 square feet for Albany Medical Center’s Physician Assistant and Nurse Anesthetist programs. Working closely with the tenant, FCP developed an efficient layout that accommodated both programs’ needs and coordinated construction to ensure occupancy deadlines were met. In addition, FCP helped attract One Biosciences, a France-based research and development company, which selected the facility as the location for its first U.S. laboratory.
“Our work with ACPHS perfectly highlights the comprehensive real estate services we provide. From due diligence on the purchase, day-to-day management, brokerage, fit-up construction, and now a fully performing asset, we have been there every step of the way. This is a very unique property with robust infrastructure as well as a separate 5-story parking deck. Our property management team is diligent and proactive in order to keep everything running smoothly for the tenants and owner,” said Cecelia Bette, Partner at FCP. “Due to the unique qualities of the building, we had to identify and implement very specific marketing and leasing strategies. We were pleased to work with Neural Stem Cell Institute, Albany Medical College, and most recently, One Biosciences. Each tenant has an individualized program and required coordination between leasing, property management, and construction. Since we offer all three services, the coordination and communication is immensely simplified, leading to on-time and on-budget projects.”
As FCP enters its next chapter, the company remains committed to the principles that have guided its success for decades: trusted relationships, hands-on expertise, and exceptional service. FCP will continue to grow upon its strong foundation and continue helping clients, tenants, and property owners achieve their real estate goals throughout the Capital Region. To learn more about FCP and its services, visit fcp.realestate and follow the company on Facebook, Instagram, and LinkedIn for company news and updates.
