SECAUCUS AND BEYOND – Denver firm CoreSite Realty Corporation purchased a two story, 283,215-square-foot industrial property in Secaucus for $18.4 million that it plans to convert to a data center according to an announcement made Tuesday by commercial real estate services provider HFF. HFF closed the sale of 2 Emerson Lane.
HFF marketed the leasehold interest on behalf of the seller, Hartz Mountain Real Estate. The facility at 2 Emerson Lane is located on a 10-acre site about 10 minutes from midtown Manhattan in the Meadowlands submarket of Secaucus. The property is close to the New Jersey Turnpike, Interstate 495, Newark Liberty Airport and Port Newark. The two-story industrial property has office and showroom space plus a six-story, 634-space parking garage. It was purchased vacant and will be converted to a data center.