PRESS RELEASE: Palisades Data Center Adds Tenant, Opens New Hall

PALISADES, NY - Lightower has signed a long-term lease at Palisades Data Center, joining a major trading and investment firm on the roster of the region's newest high-density Tier 3 data center. Owner Skae Power Solutions, which also utilizes the facility as its headquarters, was represented by Sean Brady, senior director and co-founder of Cushman & Wakefield's Data Center Advisory Group, and Brian Walsh, both of the commercial real estate services firm's East Rutherford, N.J. office.

"Lightower, an all-fiber provider of high-capacity network services, chose Palisades Data Center because of its location on their Hudson River Crossing Fiber Network, which offers diversity and a shorter route relative to paths across the Tappan Zee Bridge, as well as the proven reliability of the facility's mission-critical infrastructure," said Brady. "Those were the deciding factors." The site offers multiple, diverse fiber routes and Hudson River crossings, effectively establishing low latency connections to major facilities like 111 Eighth Avenue, 165 Halsey Street, and other critical facilities in the region.

"We are also pleased to announce the completion of DC-4, the facility's newest data center hall," he said. "DC-4 increases the capacity considerably and allows us to provide customizable turnkey solutions for our tenants' needs. Whether the requirement is for one rack or one hundred racks, we will provide the solution in one low monthly rental rate, which is a big reason why we continue to see considerable interest in this new cutting edge facility."

Located near the New York State Thruway and Palisades Interstate Parkway, Palisades Data Center is just 20 miles from midtown Manhattan and 30 miles from Newark, N.J. The facility, featuring a Tier 3+ design, includes data center and disaster recovery space, and office space designated as business continuity space supported by a network operating center featuring remote monitoring services. The entire facility offers emergency power, multiple redundant fiber paths and card access. The remaining space is available for immediate occupancy, and the landlord will build to suit.

"In the aftermath of Hurricane Irene and Superstorm Sandy, corporations are putting a lot more emphasis on the due diligence phase of their site selection, and Rockland County is uniquely positioned in a geographical area that is shielded from most, if not all, of these types of natural disasters," added Walsh. Couple that with the abundance of power in the area and the ultra-low latency of Lightower's Hudson River Crossing Fiber Network, and I think we have the recipe for the NY metropolitan area's next big data center cluster. Skae Power Solutions had the foresight to see this when they selected 348 Route 9W for their flagship data center, and we are starting to see other companies follow suit with the recent Bloomberg transaction being a perfect example."

Cushman & Wakefield's Global Data Center Advisory Group includes the real estate industry's most experienced advisors within this highly specialized asset class. Focusing on Greenfield, industrial conversions, wholesale, collocation, managed services, Cloud, and corporate data centers and disaster recovery sites, the group includes 30 brokers, business continuity and crisis management, incentives and location consulting, cost segregation, appraisers, project and facility managers, and currently manages more than 20 million square feet of mission critical space.  

TAGS: Brokerage