Cushman & Wakefield Agent for Data Center Property

400,000 SF Online for First Time at Whippany, N.J., Business Continuity Campus. End Quote

Newark, NJ (1888PressRelease) January 20, 2011 - Space at one of New Jersey's premier data center and disaster recovery campuses is coming online for the first time, and Cushman & Wakefield Inc. has been tapped as its exclusive leasing agent by property owner Brookfield Real Estate Opportunity Fund. Recently renamed "Convergence," the five-building complex at 115 South Jefferson Road sits on 68 bucolic, secured acres, offering sophisticated infrastructure for mission-critical operations.

David Stifelman, Jeffrey Prezant and Sean Brady of Cushman & Wakefield's East Rutherford, N.J., office are heading the assignment. Approximately 400,000 square feet of the Convergence campus' total 650,000 square feet are available immediately.

Convergence features heavy power, uninterruptible power supply, multiple generators, tremendous connectivity and full-site security. "This is the only true mission-critical technology campus in the State of New Jersey," said Stifelman. "It is ideally suited for data centers, disaster recovery facilities and collocation users. Among many other advantages, tenants will benefit from a recent, $23 million power infrastructure upgrade."

The existing data centers and the related networking infrastructure are to remain connected to the generators and U.P.S. and are available for lease, says Prezant who is on Cushman & Wakefield's Mission Critical Practice Group.

The buildings at Convergence feature approximately 36,000-square-foot floor plates. Available units range from 18,700 to an entire building of approximately 150,000 square feet. The campus is strategically positioned just off I-287 and Route 24, proximate to the Morris Plains and Morristown train stations.
"We are pleased to offer regional tenants an opportunity to locate at Convergence, which fulfills a critical need in today's corporate world," said Brookfield Real Estate Opportunity Fund's Michelle Berliner, vice president. The New York-based firm currently manages $1.3 billion of office, retail, industrial and multi-family assets.
Brookfield Real Estate Opportunity Fund, established by Brookfield Asset Management Inc., invests opportunistically in underperforming real estate in North America, including commercial office, industrial and mixed-use properties. Since its inception, the Fund has acquired over 22 million square feet of properties, mostly in the United States.

"This property has been the talk of the industry since its former Wall Street occupant set it up as an active data center operation and disaster recovery site," Brady added. Two major companies already use it for back office and business continuity operations.

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