Switch and Data Leases 163,000 SF

NORTH BERGEN, NJ-Switch and Data has signed a long-term lease for all of the 163,000-sf industrial building at 5851 West Side Ave. here. The Tampa, FL-based Internet exchange and collocation services company will utilize the space as a data center.

Building owner Hartz Mountain Industries of Secaucus, was represented in-house by SVPs Snezana Anderson and Remy deVarenne and VP Matthew Corpuel of CB Richard Ellis. Hartz was represented in-house by Charles Reese, VP of leasing. The deal carries a total term of 25 years including extensions; further terms were not released.

For Switch and Data, the deal is a response to its need for more capacity in the New York metro area, and the site will have access to more than 300 networks in its existing sites in the region. With the expansion, Switch and Data will now have a total of 253,000 sf in the market.