New York, NY – SunGard Availability Services, with over 8,000 customers worldwide, has expanded both their disaster recovery space and IT services capacity to Markham, Ontario.
Studley, the leading commercial real estate services firm, brokered the complex transaction that provides SunGard Availability Services with additional disaster recovery space and increased IT services capacity within this expanded market. By negotiating with the landlord, Digital Realty Trust, Studley secured a dedicated site for SunGard Availability Services, enabling SunGard to offer up to 6MW of critical power to new and existing customers. SunGard is expected to occupy the space in March of 2014, while maintaining their presence in two existing facilities in Mississauga, Ontario.
Studley Executive Vice President, David Gordon and Senior Managing Director, Ian Zilla, represented the tenant in the 15-year lease transaction, which includes exclusive expansion and renewal rights. As head of Studley’s Critical Facilities Group, Gordon worked to create a real estate solution which provided the necessary space, while also delivering on SunGard’s power needs. “Due to the lack of existing infrastructure, Digital Realty Trust will build out a dedicated SunGard building,” Gordon said, “the project is a great partnership for both parties as they both expand into this new and growing market.”
In addition, as SunGard Availability Services had exhausted inventory within the greater Toronto market, new areas of growth had to be uncovered. “We worked with SunGard’s sales and product teams to establish both the location criteria, and the most efficient transaction structure,” Zilla elaborated. “The transaction provides exclusivity at the site and offers SunGard flexibility, while phasing into the new space.”
Studley’s Critical Facilities Group provides comprehensive consulting and real estate transaction services as they relate to data center and critical power requirements. This highly specialized team leverages their combined experience in technology, real estate and corporate finance to provide clients with optimal solutions. Previous clients include WellPoint, Brocade and FOX.
SunGard Availability Services provides IT Operations support to IT departments that need to ensure business viability by keeping mission critical information and applications up and running. SunGard is focused on providing responsive and integrated disaster recovery management software solutions to help organizations keep people and information connected.
Studley is the leadingglobal commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with over 60 offices worldwide, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. For more information, please visit www.studley.com.