In a 15-year lease that includes expansion rights, the Little Rock, Arkansas-based data center provider Windstream Corp. has signed a lease for 11,000 square feet at Sabey Data Center Properties’ Intergate.Manhattan facility at 375 Pearl Street. Once slated for a Cook + Fox-led makeover into a Class A office building, the former Verizon Building is now a 32-story, 1 million-square-foot data center that is one of the world’s most complex of its kind, boasting 40 megawatts of data center capacity across 600,000 square feet of floor space (typical floor plates are 35,000 square feet).
Windstream is a publicly traded, Fortune 500 company. Its lease at 375 Pearl Street is for 664 kilowatts of power, which it can increase to 1 megawatt during the term of the deal (likely involving an increase in square footage too). The Intergate.Manhattan facility offers both powered shell (undeveloped, raw space with fiber-optic connectivity which the tenant builds out) and turnkey spaces (which Sabey builds or has built out). Back in April, it welcomed the New York Genome Center as its first tenant, providing it with the infrastructure to perform computing cycles for medical research. According to Crain’s, asking rents at 375 Pearl Street are in the $50s per square foot.