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Cresa Reps Russo Development in Bergen County Data Center Lease
Cresa’s Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch recently represented Russo Development in a 249,640-square-foot, full-building data center lease at 600 Commerce Blvd. in Carlstadt, NJ, to a confidential tenant. The Bergen County community’s proximity to New York City, and the building’s immediate, meaningful compute capacity, were the main draws.
The data center was purpose-built in 2008 for one of the world’s largest banks and features state-of-the-art infrastructure. Since then, it has been continually upgraded to meet the ever-increasing demands of enterprise-scale users, according to Cresa. It is located in the Meadowlands submarket, among the most well-established data center markets in the country.
Morris, head of Cresa’s Data Center Capital Markets & Advisory practice, has completed nearly 1.0 million square feet of transactions in the New Jersey area with Russo Development over the past several years.
- ◦Lease
