Harborside Plaza's $2m back-up plan.American Financial Realty Trust , a real estate investment trust focused on acquiring and leasing properties occupied by financial institutions, plans to equip Harborside Plaza Ten, a marquee property on New York Harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey". , with a $2 million backup power generator to safeguard the mission critical systems for tenants at the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area financial operations center. The initiative will support the leasing activities at Harborside Plaza Ten. The building was originally constructed for the exclusive use of Charles Schwab & Co., Inc., and on June 26, 2004, American Financial Realty Trust assumed all of the building's nearly 300,000 s/f of vacancy. AFR AFR African AFR Australian Financial Review AFR Afrikaans (South African language) AFR Air France (ICAO code) AFR Alternate Frame Rendering AFR Applicable Federal Rate is marketing the building for sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. as the premier operations center for the financial services industry. Financial services tenants such as BMO BMO Bank of Montreal (Canada) BMO Before Market Open BMO Biometrics Management Office BMO Ballistic Missile Office BMO British Mathematical Olympiad BMO Balkan Mathematical Olympiad BMO Business Management Office Financial Group, Mizuho, and Instinet Group have already secured prime space in Harborside Plaza Ten with long-term leases averaging 13 years. With the U.S. Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States encouraging business leaders to take proactive steps to protect critical business functions in the event of a national security alert, tenants of Harborside Plaza Ten have comfort knowing that they will be able to access reserve power to maintain critical business functions, according to AFR. Situated on the western shores of the Hudson River, Harborside Plaza Ten will be one of the only buildings in the Jersey City submarket with a self-contained backup power system. |
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