Convergence (New Jersey)
Coordinates: 40°48′54″N 74°26′23″W / 40.81500°N 74.43972°W
| Headquarters | Whippany, New Jersey |
|---|---|
| Products | Office, Data Center, Disaster Recovery, High Density Office, Call Center, Work Area Recovery |
| Website | www.convergencecenters.com |
Convergence, located in Whippany, New Jersey, Morris County, is a state-of-the-art, multi-tenant technology and office campus. The campus sits on 67 acres and incorporates 668,588 square feet of commercial space spread out across five separate buildings. The complex claims to offer "flexible, efficient floor plates" and is suited to a variety of business and corporate uses.[1]
Property history
In the 1950s, the 67-acre site's original owner International Telephone and Telegraph erected the property's first building to house the switching equipment for the famous “Red Phone”, the hotline that provided secure communication between the White House and the Kremlin during the Cold War.
Later, the site attracted Bear Stearns, one of Wall Street's most prominent trading houses. Purchasing the property in 1987, Bear Stearns expanded the original building and existing powerhouse, added three additional buildings, and upgraded the technology infrastructure to accommodate its executive staff as well as its disaster recovery, mission critical, data center, and trading operations.
Following the property's ownership transition to JP Morgan Chase, another major technology upgrade was completed in 2010. The $23 million in improvements included replacing and expanding switching gears and generators, expanding transmission capacity, and boosting power and redundancy capabilities making the campus usable for modern data center users, disaster recovery, mission critical operations, commercial office users and for high density office tenants.
Convergence is currently owned by Brookfield’s Real Estate Opportunity Group.
Property highlights include
- 37,500-square-foot floor plates within several 150,000 SF free standing buildings
- Existing tenants include JPMorgan Chase
- 14 MVA of existing capacity expandable to 23 MVA
- Uninterruptible Power Supply (UPS) units @2N
- Multiple turbine generators @15 MW
- Redundant fiber-optic connectivity @2N in addition to dark fiber directly to midtown Manhattan
- Existing data centers and networking infrastructure connected and available for immediate occupancy Synchronized data capability within 30 miles to NYC
- On-site facilities including cafeteria, grab-and-go cafes, and fitness room
- 24-hour access with state-of-the-art, full-site security
- Park-like campus
- Excellent access by road, rail, and air
- Corporate neighbors include: Novartis, Honeywell, BASF, NY Life, Deutsche Bank, Realogy, Daiichi Sankyo, Intel, ADP, AIG, Avis Budget, MetLife, MFX Global, Kraft, AT&T, and Merrill Lynch, to name a few[2]
About Brookfield Asset Management
Brookfield Asset Management, focused on property, power and infrastructure assets, has over US$100 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on NYSE Euronext under the symbol BAMA.[3]
About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately held commercial real estate services firm. Founded in 1917, it has 234 offices in 61 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies.[4] It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Corporate Occupier & Investor Services, including integrated real estate strategies for large corporations and property owners; Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center.[5]
References
- ↑ Bestsy, K. (January 20, 2011). Cushman & Wakefield Agent for 400,000-SF Data Center Property. NJ&Co, http://www.njand.com/news/business.php/2011/01/20/p6086#more6086
- ↑ (January 18, 2011). Cushman & Wakefield Agent for Data Center Property. A Greater Town, http://www.agreatertown.com/whippany_nj/cushman_wakefield_agent_for_data_center_property_000395357
- ↑ Brookfield Asset Management, ‘’Website
- ↑ Cushman & Wakefield, ‘’Website
- ↑ (January 19, 2011). Cushman & Wakefield Snags 400,000 SF Whippany Data Center Assignment. NY Real Estate, http://newyorkrealestate.citybizlist.com/18/2011/1/19/Cushman--Wakefield-Snags-400000-SF-Whippany-Data-Center-Assignment.aspx
External links
- Cushman & Wakefield (company website)
- Brookfield Management (company website)
- Convergence (property website)
- NJ&Co
- A Greater Town
- NY Real Estate