Sabey Data Center Properties, a Seattle-based multi-tenant data center owner that also specializes in computer infrastructure, has powered up the first phase of the largest and tallest data center in the world. The 32-story high-rise is located at 375 Pearl Street in Lower Manhattan in the formerly foreclosed Verizon Building, most of which Sabey acquired for $120 million in 2011.
Contrary to a general trend that calls for data centers to be moved outside urban clusters where power and real estate are much cheaper, Sabey’s Intergate.Manhattan is a unique business model that will serve primarily Financial District customers and businesses looking for high processing speed.
Currently providing over 100,000 square feet of data center space and 5.4 Megawatts from ConEd, the facility will ultimately accommodate 40 Megawatts of critical data center capacity on 1 million square feet, of which 600,000 square feet will serve as data center-specific floor space.
The building’s first tenant is the New York Genome Center, a computer and storage platform working for 12 leading medical institutions. Verizon still owns and occupies three floors in the building, according to Real Estate Weekly. David Falk, Michael Morris and Bryan Loewen of Newmark Grubb Knight Frank will represent Intergate.Manhattan as leasing agents for the building’s 17 floors that are immediately available.
Designed by Rose, Beaton & Rose for the former New York Telephone Company, the monolithic building was completed in 1975.