The indicated location serves as a prominent business address within the Capital Region of New York State. Situated in Albany, it denotes a specific property often associated with commercial activities, office spaces, or corporate headquarters. As a physical designation, it allows for precise identification of a site for navigation, deliveries, and official record-keeping. For example, a company might list it as its primary place of business when filing legal documents.
Its significance stems from its potential to house entities that contribute to the local economy, generate employment, and foster regional development. Historically, locations like this have served as hubs for innovation and commerce, concentrating resources and expertise in a single geographic point. Furthermore, proximity to transportation infrastructure and governmental services often enhances the attractiveness of such addresses for businesses seeking strategic positioning.