Carlyle, Chase announce Atlantic Telecom Center

Brooklyn facility covers 750,000 square feet

CarrierHotels News Staff

June 12, 2000 -- A 750,000 square foot Brooklyn factory will be converted into the Atlantic Telecom Center, a carrier-neutral facility to be developed by Carlyle Realty and Chase Capital Partners.
The two firms today announced plans to convert the former Scovil Factory Building at 470 Vanderbilt Avenue into a huge telecom facility with state-of-the-art infrastructure. The site is being marketed to bandwidth-intensive telecom carriers, ISPs, web-hosting companies, ILECs, CLECs and Internet content providers.
Leasing is currently underway and tenants can begin to fit-out the facility in September 2000, the companies said in a press release.
The presence of more than 3,500 telecom and Internet companies in New York City has created a scarcity of carrier hotel and colocation space, according to Gabe L. Finke, responsible for acquisitions in New York for Carlyle Realty, who estimated that demand currently exists for well over 3 million square feet of telecom and colocation space in the metropolitan area.
"Atlantic Telecom Center is ideally located to respond to the growing need for carrier-neutral, bandwidth-intensive colocation sites in New York City and the surrounding areas," said Finke.
Carlyle Realty is the real estate fund of The Carlyle Group, and Chase Capital Partners is a global private equity partnership with over $17 billion under management.