Search
 

More Power? Real Estate Pro Says Boston Can Handle High-Tech Influx

BOSTON-Concerns are rising that the TechnoCorridor may not have the infrastructure to support its growing tenant base. No sweat, says one real estate expert.

By John Salustri | Updated on October 16, 2000

BOSTON-Despite the press that has been given to a possible shortfall in electrical power, Leigh Freudenheim, vice president of locally based Meredith & Grew/Oncor, isn’t worried. In a recent interview with GlobeSt.com, Freudenheim relates his faith that the city is savvy enough to meet the demand and foster rather than turn away from growth.

“There are some concerns in the market that there’s not enough power to supply the demand,” he states. “There’s plenty for today, but the argument is that tomorrow could be a headache, even though we’re building a substation and beefing up circuits.” It wasn’t all that long ago, he recounts, that people would laugh at the thought of supplying 80 watts per foot to some tenants. “There are data centers that are now demanding 75 to 150,” and a proliferation of high-demand tech types could blow the fuse. Meredith & Grew closed Globix’s 450,000-sf deal in April and Global Crossing’s 350,000-sf transaction a month earlier. Both were in the TechnoCorridor.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.