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Howard Properties, Ltd. Represents Cervalis, LLC in 167,691 SF Fairfield County Build to Suit Lease
LARGEST LEASE IN FAIRFIELD COUNTY IN 2012
(White Plains, New York; August 9, 2012) 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., White Plains, New York represented Cervalis, in partnership with John Stoddard CCIM, Vice President of Jones Lang LaSalle, Stamford, Connecticut. Jodie Dostal, Director, Cushman & Wakefield of CT, Inc. represented the landlord 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.
“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.
Howard Properties, Ltd., which is headquartered in White Plains, NY, specializes in tenant representation and real estate consulting. Founded by veteran commercial broker Howard Greenberg in 1998, the firm has completed space acquisitions, dispositions, lease renegotiations and consulting assignments in 20 states. Howard Properties, Ltd. is an affiliate member of CORFAC International, an association of independent real estate brokerage firms represented in more than 150 markets in The Americas and Internationally.
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