Data Center Activity Heats Up In Manhattan

Spotlight New York:

  • Since Google’s acquisition of 111 Eighth Ave.,all available space in the building has been taken off the market. The most recent data center transaction in the building was Digital Realty Trust’s sublease of 53,000 square-feet to Telx shortly before the building’s sale.
  • Sabey and local developer Young Woo are under contract to purchase 375 Pearl St.,a 1-million-square-foot former Verizon switching building,for an estimated $100 per square-foot from M&T Bank. The building is well-suited for data center use,with very heavy floor loads,high ceiling heights,limited windows,and abundant shaft space.  Verizon will maintain a three-floor condo interest in the building.
  • . . . →Read More:Data Center Activity Heats Up In Manhattan

The New Speed of Money or “What is New York Four?”

A couple of days ago the NY Times published an article titled:“The New Speed of Money,Reshaping Markets.”  The article touches on a lot of the things we have mentioned in our blog regarding high frequency trading (see High Frequency Trading and the NYSE’s Data Center).

We have had several people ask us,what are these data centers that are referred to as “New York Four”and simply “Weehawken”in the article. There answer is,that “New York Four”is more commonly referred to as NY4,and it is a colocation data center from Equinix. The facility is about 340,000 sf,and it houses ISE,Direct . . . →Read More:The New Speed of Money or “What is New York Four?”