Building owner Hartz Mountain Industries of Secaucus, wasrepresented in-house by SVPs Snezana Anderson and Remy deVarenneand VP Matthew Corpuel of CB Richard Ellis. Hartz was representedin-house by Charles Reese, VP of leasing. The deal carries a totalterm of 25 years including extensions; further terms were notreleased.
For Switch and Data, the deal is a response to its need for morecapacity in the New York metro area, and the site will have accessto more than 300 networks in its existing sites in the region. Withthe expansion, Switch and Data will now have a total of 253,000 sfin the market.
"This lease represents Switch and Data's first New Jerseyfacility," CBRE's Anderson says. "It's part of the company'soverall expansion strategy to satisfy growing customer demand."
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