Bandwidth Provider Signs on for 24,000 SF

JERSEY CITY-Looking Glass Networks, Inc., a Chicago-based provider of high-bandwidth metro data transport services for carriers and enterprise customers, has leased 24,000 sf at MetroNexus Technology Center. Located at 50 Dey St., the property is a 1.1 million-sf former warehouse converted for telecom use by owner MetroNexus.

Looking Glass builds fiber-rich optical networks in major metro areas, offering rapidly delivered lit bandwidth, dark fiber and collocation services. The 50 Dey St. location houses a switch site for the company.

A Manhattan-based venture of Morgan Stanley Real Estate Funds, MetroNexus Group acquired 50 Dey St. in 2000. In the process of converting it for telecom use, the company invested $8 million in its power infrastructure.

Sean Brady and Ed Duenas of Cushman & Wakefield of New Jersey, East Rutherford, represented MetroNexus in negotiating the long-term transaction. Brendan Callahan of Equis Corp., New York, served as the broker for Looking Glass Networks.