CORFAC News

COLUMBIA, Md. (Sept. 15, 2010) – Maryland’s Manekin, LLC/CORFAC International has teamed with Philadelphia’s Jackson Cross Partners to broker an $11 million sublease of the only purpose-built, single-use data center infrastructure facility of its kind in Philadelphia.Philadelphia Technology Park (PTP)signed a 12-year sublease to occupy 4775 League Island Blvd. in South Philadelphia’s Navy Yard Business Center, which is located in a Keystone Opportunity Improvement Zone.Owned by Liberty Property Trust, the 25,700-square-foot facility was built in 2007 for the Philadelphia Stock Exchange to lease. During the course of construction, NASDAQ acquired the Philadelphia Stock Exchange and elected not to occupy to use the space after the merger was completed.Manekin Vice President James S. Leanos, SIOR and Jackson Cross Partners Founding Partner Pete Davidson, SIOR represented PTP. Jack Meyers and Roger T. McManimon of Cushman & Wakefield of Pennsylvania, Inc. represented NASDAQ.“The space was a perfect fit for PTP as it offered substantial expansion opportunity, excellent fiber optic connectivity from multiple providers and a diverse power supply,” said Leanos, who specifically presented this property to PTP and negotiated the deal over a six-month period.Over $15 million dollars have been invested in the space which has become the Mid-Atlantic region’s premier carrier-neutral data center. The facility was designed to meet the power and cooling needs of the latest high-density IT infrastructure technologies. Its 30-inch raised floor data rooms offer single racks, cages and suites of up to 10,000 square feet for colocation.The space also offers over 10,000 square feet of 30-inch raised floor space designed for employee and client work areas, disaster recovery, conference and expo facilities. Additionally, it contains client equipment storage lockers, a kitchen, break room and conference rooms.PTP now serves the mission-critical data center needs of businesses of all types and sizes throughout the region. Clients turn to PTP for back-up, disaster recovery, and protection of their IT systems from natural disasters, terrorist threats and unpredictable service from utility and bandwidth providers.“This was a great opportunity for a Maryland-based company to quickly enter the Philadelphia market with a world-class, mission-critical facility which is much in demand,” said Leanos, adding that PTP is a sister corporation to Baltimore Technology Park, a 30,000-square-foot colocation data center located in downtown Baltimore. Both corporations are owned by Enterprise Technology Parks, LLC.Founded in 1946, Manekin, LLC is a full-service commercial real estate firm headquartered in Columbia, Md., with additional offices in downtown Baltimore and Southern Maryland. The company offers asset management, brokerage, construction, development and investment services and brokerage services in 150 worldwide markets through CORFAC International. For more information, visit www.manekin.com.