A former bank data center in New Jersey has been leased to a new tenant.

First reported by NJBiz and ConnectCRE, the facility at 600 Commerce Blvd in Carlstadt has been leased to an unnamed client.

Real estate advisory firm Cresa represented building owner Russo Development in the deal.

The 249,640 sq ft (23,192 sqm) building, located within the Russo Corporate Park in Bergen County, was purpose-built by Russo for JPMorgan Chase and upgraded several times. NJBiz suggests the site was built in 2008, but Russo’s own website says the facility launched in 1996 and was the company’s first data center development.

The facility’s proximity to New York City and the building’s immediately available computing capacity were said to be major draws for the tenant.

Russo Development has reportedly completed more than two million square feet of data center space. The company’s clients include JPMorgan Chase, Bloomberg, and Credit Suisse.

“As the need for power and data center capacity reaches new levels daily, major markets such as New Jersey will continue to see record-breaking absorption,” Cresa president Michael Morris told NJBiz. “Russo Development, one of the leading, mission-critical developers in the northeast, is well-positioned to serve this insatiable demand.”

The facility is next door to a former Sungard AS data center, now occupied by 11:11 Systems/365 DC. That 300,000 sq ft (27,870 sqm) data center is also owned by Russo.