NORTHERN NEW JERSEY DATA CENTER SELLS FOR $14.7M

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.