Mountain Development had high-tech tenants in mind when it bought the 210,000-sf building in Northern New Jersey's heavily developed and highly competitive Route 3 Corridor. That rehab, now nearly complete, includes everything from a completely new roof, to a massive new electrical infrastructure and a new mechanical cooling system. Mountain Development has also revamped the cafeteria, added a conference facility and plans to install a gymnasium.
"The building lends itself well for data and telco tenants," according to Mountain Development president Michael Allen Seeve. "It was built with heavy floor loads, high ceilings, a good power supply, proximity to fiber connections and an interior network of vertical shafts that allow for cabling between floors.
"We have also converted the former mechanical basement into a back-up generator farm," Seeve continues. "It offers 20-foot ceilings and complements the other renovations."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.