Datapipe Subleases 21,000 SF at 10 Exchange Place, Jersey City

14 Nov, 2007, Jersey City, NJ

DataPipe, a global provider of managed hosting services, has subleased 21,000 square feet from Aegis at 10 Exchange Place in Jersey City, announced Leonard T. Miller of Cushman & Wakefield, Inc. The firm has relocated its headquarters to the Class A property from Hoboken, N.J., in an expansion move.

According to Miller, who, along with Marc Graham, represented DataPipe in negotiating the multi-year transaction, the sublease was completed in a restricted timeframe. “From the initial tour to move-in, this deal was consummated in less than two months,” he said. “It was classic ‘right time, right place’ situation. DataPipe was prepared to move quickly, and Aegis was focused on executing a deal in order to minimize the downtime of its surplus space.

“For DataPipe, this opportunity provided great economics, and the space came complete with furniture and gym space,” he added. “It was a terrific deal all around.

Philip Lipper from Studley brokered the transaction on behalf of Aegis.

DataPipe serves 1,500 customers from six data centers and eight office locations worldwide. The firm has achieved consistent annual growth since its founding in 1998. Recently, the New Jersey Business & Industry Association honored the company with a job creation award.

“Moving our headquarters to a premier waterfront building like 10 Exchange Place places us in the company of some of the largest, most successful corporations on the globe,” said Robb Allen, DataPipe’s CEO. “We are proud to be part of the ongoing Jersey City waterfront growth.”

Miller noted that 10 Exchange Place is recognized as one of the most desirable Jersey City corporate addresses. The 30-story tower features 700,000 square feet of space and sits at the heart of the Jersey City financial district. It offers on-site PATH access, ample parking and abundant neighborhood amenities.

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Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 215 offices in 56 countries, and more than 12,000 professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, visit the firm's Web site at www.cushmanwakefield.com.

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