SECAUCUS, NJ-In the past few months, a number of major data center acquisition and lease deals in the Garden State have commercial brokers saying that demand is picking up in this sector.
CoreSite Realty closed last week on the $65-million purchase of a building in Secaucus, which it intends to convert into a 280,000-sf data center. This deal follows Telx's $29-million acquisition of a Clifton building it had been leasing as a data center. The property is near a $200-million data center the firm is building at 2 Peekay Drive, according to The Record. That 215,000-sf building is slated to open in April.
“We are very positive for the market for 2013 and beyond,” Telx Chief Executive Eric Shepcaro says. “There's been a lot of pent-up demand in terms of companies looking to outsource and put capital to work in terms of relocating or moving their data center.”
“There's a data center boom in New Jersey just like the office building boom in the '80s,” adds Sean Brady, senior director of Cushman & Wakefield and co-founder of the brokerage firm's data center advisory group. See story in The Record.
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