SECAUCUS, NJ-Lincoln Equities Group has completed a 32,610-square-foot, long-term data center lease agreement with Fiber Media at 200 Meadowlands Pkwy. here. Lincoln Equities' senior director of leasing Daniel Ackerman represented landlord Willroad Holdings LLC, while Jones Lang LaSalle represented the tenant.

Built in 1978 for use as a data center facility, the 85,000-square-foot building is near both Newark Liberty International Airport and Teterboro Airport. Fiber Media plans to utilize this space as its data center hub, offering telecommunications co-location services. The tenant selected the facility for its location to New York City and its state-of-the-art amenities.

"There has been a recent uptick in data center activity throughout the state of New Jersey, due to an improvement in the economic climate and the overall stability of the state's real estate market fundamentals given its proximity to New York City," Ackerman tells GlobeSt.com. He adds that Fiber Media was able to capitalize on a previously existing data center infrastructure in order to find a cost effective way to increase its footprint. The firm told GlobeSt.com that it is not disclosing the rental rate at this time.

"This area is the ideal location for a data center, given its accessibility to power, its proximity to New York and the available fiber optics in the region," noted Joel Bergstein, president of Lincoln Equities Group. "Seeing the completion of deals like this in today's challenging environment is a very positive sign for activity in New Jersey's office market."

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