Property Type

LEONIA, N.J. — Leonia Data Center, a 67,000-square-foot data facility in Leonia, has sold for $14.7 million. In the transaction, Sean Brady and Grace Braverman of Cushman & Wakefield represented Server Farm Realty in the property’s acquisition from Cole Realty Group, which was represented by CBRE. The property was then acquired by Carter Validus Mission Critical, a Florida-based non-traded REIT, for a final sale price of $14.7 million, or more than $220 per square foot. Infocrossing Inc., a wholly owned subsidiary of Wipro, occupies the facility on a long-term basis. The two-story building includes first-floor data center space with more than 25,000 square feet of raised floor white space, and office space on the second floor. The property is located at 2 Christie Heights, about 27 miles east of Parsippany.

MEDFORD, MASS. — Management Sciences for Health (MSH) has signed a 10-year, 40,475-square-foot lease at 200 River’s Edge Drive, a LEED Gold-certified office and lab building in Medford. The building, which is located about five miles northwest of Boston, is now fully occupied. MSH is a private, nonprofit international organization working in public health areas to strengthen healthcare management and improve access to critical healthcare in the world’s poorest areas. The organization is relocating its corporate headquarters from Cambridge later this year. Steven Purpura, managing partner, and senior vice presidents Eric Smith and Ron Friedman of Richards Barry Joyce & Partners represented the landlord, Preotle, Lane & Associates Ltd., in the transaction. Ted Lyon and Chris Walsh of Cassidy Turley represented MSH.