For Immediate Release, contact:
Axiom Communications, Inc.
Matt Brown or Ron Simoncini
201-348-8998
info@axiominc.net
9/11/2009
HARTZ LEASES 209,000 SQ FT DATA CENTER
WEEHAWKEN, NEW JERSEY - August 28, 2009 - Hartz Mountain Industries has announced today that Savvis, Inc., a global leader in outsourced internet infrastructure services, has signed a 20-year lease for a 209,000 square foot data center at Hartz's Lincoln Harbor property in Weehawken, New Jersey. CresaPartners is the corporate real estate advisory firm that represented Savvis.
The lease with Savvis marks Hartz's third office deal this year in excess of 100,000 square feet. The Children's Place leased 120,000 s.f. at 500 Plaza Drive in Secaucus and Eisai Medical Research., a subsidiary of the Tokyo-based pharmaceutical company Eisai Co. Ltd. of Japan, leased a newly-renovated, three-story, 118,000-square-foot office building at 155 Tice Boulevard in Woodcliff Lake, and 41,000 square feet at adjacent 300 Tice Boulevard.
"Even in a slow market companies grow and confront decisions about long-term space needs," say Mr. Stern. "This deal may not signal an economy turn-around, but it reaffirms what we know about the appeal of locating back office space in New Jersey," said Stern. "There is no better place for a corporate tenant to grow their business than Lincoln Harbor, with all the great amenities, mass transit options and its close proximity to Manhattan. Lincoln Harbor embodies everything corporate tenants want for themselves and their employees."
Lincoln Harbor is a mixed-use development set on 60 acres of prime waterfront directly opposite Midtown Manhattan, and adjacent to the Lincoln Tunnel entrance in Weehawken. Offering unrivaled ease of access including; ferry service stops directly at the site, which connects Midtown Manhattan by a six-minute ride to Pier 78 at 38th Street, the Hudson-Bergen Light Rail Transit System providing easy access to numerous coastal communities, including the Hoboken PATH Station.
The 1.8 million square foot site has a track record of attracting dozens of world-class companies, such as the New Jersey headquarters of UBS Paine Weber, and is looking forward to adding Savvis to their impressive portfolio. It is also home to 60,000 square feet of retail shops, restaurants, a 250-slip marina, waterfront walkways, a public park, and the 350-room Sheraton Suites on the Hudson.
About Hartz Mountain Industries, Inc.
Headquartered in Secaucus, NJ, Hartz Mountain Industries, Inc. owns and manages one of the largest privately held commercial real estate portfolios in the United States, comprised of approximately 200 properties and totaling more than 38 million sq. ft. in the northern New Jersey/New York area. Hartz employs a comprehensive approach to real estate that is facilitated by its full-scale in-house departments for leasing, management, finance, acquisition, architecture, construction, development, planning, and marketing, design and property management. By controlling the development process end-to-end, the company strives to remain at the forefront of commercial, industrial, retail and hotel development. Hartz has been recognized by NJPA Real Estate Journal as the "Best Developer of 2004" and the Business News New Jersey (NJBIZ) as one of the best places to work in New Jersey for 2004 and 2005. For more information, visit Hartz's web site at www.hartzmountain.com.