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Data Center

AthenianRazak Increases Value at 833 Chestnut to Historic High

We’re extremely pleased to announce that a property AthenianRazak managed and turned around, 833 Chestnut, appears to have sold for the highest price in the region for large, occupied office buildings – coming in at $161m or $228 / sq ft. Continue reading “AthenianRazak Increases Value at 833 Chestnut to Historic High” »

AthenianRazak Team Leads ULI Session on Where Big Data Meets Real Estate

We’re back at it again, sharing our data center insight with the world – or at least at the Urban Land Institute (ULI) Fall Meeting. A few weeks ago, Alan Razak and Chris Strom led a panel session, “Data Centers: Big Data Meets Real Estate,” giving lucky participants an overview of the growing trend of the intersection of technology and real estate.

Our two real estate technology experts provided an overview of the data center industry – sharing their insight on the most complex and sophisticated buildings being constructed today. They reviewed the market forces that have led to the explosive growth and capacity of data centers and IT infrastructure, while also giving an overview of the various business models for different end users and why these are changing so rapidly. The session also explored resiliency and recovery, two critical elements of data center planning.

Read more here on our data center services and how we can help you with planning.

Chicago, Big Servers, and AthenianRazak

In a recent article Chicago:  The City of Big Servers, by Urban Land, the author discusses how Chicago is re-purposing buildings from its industrial past to use as data centers.  This conversion trend and the city’s location have helped Chicago become the fifth-largest data center market in North America.  A main player in this trend is the Lakeside Technology Center at 350 East Cermak, a location often cited as the world’s largest data center. This 1.1 million sq ft multi-tenant data center hub is owned by Digital Realty Trust, who partnered with AthenianRazak to quickly build out five data centers in this historic building in five months. Not only did we help to complete the job on time, we also brought it in 8% under an aggressive budget.

Tenant Satisfaction as a Business Driver

Tenant satisfaction and high levels of service delivery are key factors to success in the property management industry.   Tenant satisfaction contributes to multiple aspects of the industry including increased retention rates, decreased expenses, and better overall positioning of the physical asset.  As property and construction managers of 833 Chestnut Street in Philadelphia, PA, AthenianRazak was among the highest tenant satisfaction ratings of all 122 buildings in the Owner’s global portfolio for 2012. You can read more about this distinction here. This is especially significant as within that timeframe, there were renovations to occupied clinical spaces, where the work was completed off hours and operations were continued uninterrupted.   The renovations were coordinated with, among other factors, environmental abatement and infection control.  All clinics continued to see patients throughout the construction process.

Digital Realty to Host Open House at Data Center at 833 Chestnut Street

On April 11th from 11 am – 1 pm, Digital Realty will host an open house to invite guests to visit Philadelphia’s premier data center at 833 Chestnut Street.  The open house will feature a tour of the data center facilities, including the building’s co-location facility, and a lunch.

You can learn more about the data center at 833 Chestnut, managed by AthenianRazak, here.  The building features state-of-the-art data center design such as aisle containment systems for optimal operating environments and energy efficiency, and onsite support.  You can register here OR RSVP by emailing Mimi Nash, Mnash@digitalrealty.com – attendees must be pre-registered.  We hope to see you there!

Chris Strom Moderates Panel at DatacenterDynamics Converged Conference

Chris Strom, AthenianRazak’s Director of Project Development, recently moderated a panel at the Datacenter Dynamics Converged Conference in New York City. This highly-regarded session on Regional Resiliency and Superstorm Sandy addressed the regional challenges faced by critical environments in the aftermath of Sandy and examined models for managing regional resilience in the future.
The diverse panel explored how data center users and operators are facing regional risk and provided their perspectives on urban risk and how municipalities are responding. Panelists included:

  • Paul Hines, Vice President, Data Center Operations & Engineering, Sentinel Data Centers
  • Robert Bianco, Vice President / General Manager, TW Telecom
  • Tokumbo Shobowale, Chief Business Operations Officer, City of New York

Increasingly businesses are looking not only at the resilience of their infrastructure, but also the resilience of their supply chain – seeking non-regional suppliers for Diesel fuel for example – and working with their teams to make sure they have good working relationships with key partners during a disaster. At the Municipal level, New York City is undertaking a comprehensive effort to improve the resiliency and recovery time of core infrastructure, and shaping a plan to be released later this spring on how NYC will address resiliency in general as well as the specific challenges posted by climate change.

This session was covered in an article by Data Center Knowledge, which summarized the core takeaway from the session, “Data center operators must expand the scope of their disaster plans to adapt to larger and more intense storms, weighing contingencies that previously seemed unlikely.”
The DatacenterDynamics Converged Conference attracted more than 1,500 participants including those responsible for the design, build and operation of IT facilities as well as key IT decision makers.

Chris Strom Joins AthenianRazak as Director of Project Development

AthenianRazak is excited to welcome Chris Strom to our team as the newest Delian! Chris will serve as our Director of Project Development with responsibility for data center client services, development financing, and project development.

Chris has more than two decades of experience in real estate and development specializing in complex technical buildings.  He has a unique skill set that encompasses real estate development, architectural design, and construction and financing strategies that position him as a creative solution provider. This unique combination of skills allows him to address mission critical development projects from a variety of perspectives, providing expert guidance to clients that results in comprehensive and viable project strategies.

He has worked on transactions worth more than $3 billion and has been on multiple sides of real estate deals. Prior to joining AthenianRazak, Chris led project development for some of the most innovative data center projects in North America.

You can read more about Chris and the AthenianRazak team here.  Just beware…Chris once operated a Nuclear reactor.

You can also click here to read the press release on Chris joining the AthenianRazak team.