John Brady of CresaPartners in San Jose Represents Savvis in 209K SF Expansion in Weehawken, NJ

Press Release, October 21, 2009

San Jose, CA — John Brady, Principal and Founding Partner of CresaPartners in San Jose, California, recently represented Savvis, Inc. in a significant data center expansion totaling 209,000 square feet at Lincoln Harbor in Weehawken, New Jersey. The transaction is believed to be this year’s largest real estate technology company deal in the New York/New Jersey financial hub.

The San Jose; Paramus, New Jersey; and New York City offices of CresaPartners—North America’s largest corporate real estate advisory firm specializing in tenant representation—combined efforts to coordinate one of the area’s largest commercial real estate transactions of the year. The transaction includes one direct lease and two subleases in the five-story, custom-built data center facility.

Savvis (NASDAQ:SVVS), a global leader in outsourced Internet infrastructure services, based in Town & Country, MO, is expanding its current flagship Weehawken facility into the adjoining building to create a powerful financial data center. The two facilities will connect directly via fiber optics and enable the deployment of high-performance hosting and low-latency financial exchange connectivity for the financial community.
The landlord, Hartz Mountain Industries, represented itself. Hartz is one of the largest privately held real estate companies in the United States, with a portfolio of more than
38 million square feet in the northern New Jersey/New York area.

“The demand in the marketplace for financial IT infrastructure services continues to grow as companies outsource to trusted providers,” said Bill Fathers, Savvis senior vice president and managing director, U.S. “Now, with two state-of-the-art facilities, we have established a financial data center complex that should make Savvis the destination of choice for financial service companies.” He said the move enables Savvis to expand current offerings and attract new customers.

Initial plans call for 35,000 SF of raised floor expected to be completed by the second quarter of 2010, with phased expansion for an additional 70,000 SF of raised floor.
“We were very pleased to have represented Savvis in this critical strategic transaction, as it extends its footprint in the New York/New Jersey financial hub, the highest demand market for its services,” said Brady. He said his firm helped Savvis leverage favorable market conditions and lock into a long-term lease.


CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, Sustainability, Supply Chain and Facilities Consulting. With more than 50 offices, CresaPartners is the largest tenant representation firm in North America. Internationally, CresaPartners covers more than 125 locations in 35 countries. For more information, visit www.cresapartners.com.