600 Commerce Blvd. in Carlstadt — Courtesy: Cresa
By Joshua Burd
Russo Development has secured a new tenant for a nearly 250,000-square-foot data center property in Carlstadt, according to a brokerage team with Cresa.
The user, which is confidential, will occupy a building at 600 Commerce Blvd. that opened in 2008 as a purpose-built facility for one of the world’s largest banks, the brokers said in a news release. Russo has continually upgraded the property to meet the ever-increasing demands of enterprise-scale users, leveraging its location in the well-established Meadowlands submarket for data centers.
Cresa’s Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch represented ownership in the new 249,640-square-foot deal, touting the borough’s proximity to New York City and the appeal of the building’s immediate, meaningful compute capacity. Morris, head of the firm’s data center capital markets and advisory practice, has completed nearly 1 million square feet of transactions in the New Jersey area with Russo over the past several years.
