Data center provider DataBank has acquired a 34-acre site in Rockland, New York, to expand capacity in the New York metropolitan area.
The Dallas-based company paid owner Skae Group $ 23 million for the 2000 Corporate Drive site in Orangeburg. The Skae Group bought it from Verizon in 2017 for $ 18.25 million, according to property records. Rockland County Business Journal First reported the transaction.
DataBank – whose real estate footprint includes 60 data centers and 20 interconnection hubs in 29 markets – plans to demolish existing facilities at the site to build a new 200,000 square foot data center with a total capacity of 30 megawatts, according to the company. The site has plenty of space to add other facilities, including an additional substation, the company said.
Peter Skae of Skae Group said that since acquiring the property in 2017, Verizon Wireless has remained a tenant under a sale-leaseback agreement. DataBank’s offer made sense to all parties involved, he said.
The demand for data centers, which host networked computer servers typically used to store, process, or distribute large amounts of data, has skyrocketed in recent years, and major data center vendors are competing to build them. any further.
DataBank currently operates two data centers in New York – one at 60 Hudson Street and 111 Eighth Avenue – and two in New Jersey – 165 Halsey Street in Newark and 25 Corporate Place South in Piscatawa – according to the website.
About 20 miles north of New York City, Orangeburg – a hamlet in the city of Orangetown – has become increasingly home to data centers in recent years. In 2014, Bloomberg LP opened a $ 710 million, 131,805 square foot data center at 155 Corporate Drive, which is adjacent to the DataBank property. In 2017, JPMorgan Chase acquired a 60-acre municipal property in Orangeburg for $ 7.5 million to build its data center, according to Lohud.