Real Estate Weekly
Image default
Deals & Dealmakers Featured

JLL arranges expansion for data protection firm

JLL has completed a 30,000 s/f lease expansion and extension with OwnBackup Ltd. at 940 Sylvan Avenue in Englewood Cliffs, New Jersey, on behalf of property owner Andalex.

The cloud-based data backup and restore provider, a tenant at the property since 2018, will expand and extend its lease, doubling its footprint to occupy the entire 60,000 s/f Class-A office building within the Sylvan Corporate Center, a burgeoning tech and finance hub.

Andalex is represented by executive managing director Frank D. Recine, and associate Nicolas DeCotiis, both with JLL. OwnBackup was represented by senior managing director Jason Fray and senior vice president Harlan Hollander, both with Savills.

“Sylvan Corporate Center is an ideal location for companies seeking Manhattan-quality, Class-A office space located minutes outside of New York City,” Recine said. “This office complex, in the heart of Englewood Cliff’s famed ‘Trillion Dollar Mile,’ provides the perfect environment for OwnBackup as it continues to expand its client base in the Tri-State area.”

OwnBackup, which previously occupied the full first floor of 940 Sylvan Avenue, will now occupy the 30,000 s/f second floor. The property, located near the intersection of Sage Road and Sylvan Avenue/Route 9W in Englewood Cliffs, is part of the Sylvan Corporate Center, which includes 910, 920, 930 and 940 Sylvan Avenue.

The best-in-class center is made up of four two-story office buildings that are linked by a central lobby. The office destination offers on-site food service, covered parking, private parking and on-site management, as well as state-of-the-art telecommunications infrastructure.

(Visited 1 times, 1 visits today)

Related posts

Newmark Completes $47.8 Million Sale of Part of
Eastlake Terraces Community Shopping Center in
Suburban San Diego


Greystone Provides Fannie Mae Financing for Multifamily Property in Washington, DC through HAND Housing Equity in Action Partnership


Eretz Group welcomes first three tenants to newly repositioned Soho boutique