CORFAC News

White Plains, New York - Cervalis, LLC has signed a long term lease with landlord FPG Norden DC, LLC for a new 167,691-square-foot data center and disaster recovery center to be built at 10 Norden Place, in Norwalk, CT. This is the largest lease transaction in Fairfield County to date this year and the largest build-to-suit in 12 years in Norwalk.

Howard E. Greenberg, SIOR, President of Howard Properties, Ltd./CORFAC International, was a co-broker in the transaction and represented Cervalis.  The landlord is FPG Norden DC. 

Since Cervalis’s founding in 2000, Mr. Greenberg has represented the company in negotiating more than 470,000 SF of leases in Dutchess County, New York; Totowa, New Jersey and Stamford, Connecticut, as well as its headquarters lease in Shelton, Connecticut. Link to rest of story

“The Norwalk lease was the largest and most complex transaction we have completed in the last 12 years representing Cervalis,” Mr. Greenberg said.  “To bring a 168,000 SF, custom-designed building out of the ground in today’s economic environment is truly a major accomplishment.  The City of Norwalk, two public utility companies, the developer of the adjacent site as well as the landlord, its construction team and a number of attorneys and consultants all participated to accomplish this goal,” added Greenberg.

With the new Norwalk data center, Cervalis’ state-of-the-art operations centers will total more than 470,000 square feet of space in New York, New Jersey, and Connecticut. Its clients include organizations of all sizes, from emerging companies to Fortune 500 corporations, including financial services, insurance, health care/pharmaceuticals, government, education, utilities, energy, media/entertainment, manufacturing, transportation, retail and not-for-profit.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. Founded in 1989, U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.