Sylvan Corporate Center in Englewood Cliffs — Courtesy: JLL
By Joshua Burd
A cloud data solutions firm has leased 30,000 square feet in Englewood Cliffs, in a transaction arranged by brokers with JLL.
The real estate services firm represented Andalex, the owner of Sylvan Corporate Center, in the 11-year deal with OwnBackup Ltd. The cloud-based data backup and restore provider will occupy the entire first floor at 940 Sylvan Ave., which is located near the intersection of Sage Road in the Bergen County borough.
JLL Executive Managing Director Frank D. Recine and Associate Nicolas DeCotiis represented ownership as the leasing agent for the campus. Savills Studley Senior Managing Director Jason Fray and Senior Vice President Harlan Hollander represented OwnBackup.
“Sylvan Corporate Center offered an ideal location for OwnBackup, which provides cloud-based backup/restore solutions,” Recine said. “The complex provided the firm with the highest-quality multitenant office space along Englewood Cliffs’ famous ‘Trillion Dollar Mile.’
“In addition, this area is home to the world headquarters of a number of large, multinational corporations that require the critical data services that OwnBackup provides.”
The deal comes amid a multimillion-dollar improvement project at Sylvan Corporate Center, which includes four three-story office buildings at 910, 920, 930 and 940 Sylvan Ave. The complex, which is linked by a central lobby, totals 270,000 square feet and includes on-site food service, covered parking and high-end telecommunications and infrastructure, JLL said.
The property recently welcomed Barnet Products, Wenesco, Inc. and Katz & Associates as long-term tenants and the expansion of Onex Credit Partners at the complex, which is directly off the first exit on the Palisades Parkway. The complex is three miles north of the George Washington Bridge and in proximity to interstates 80 and 95, routes 4, 46, 1 and 9 and the Garden State Parkway.