Printer Friendly

Newport Financial struts its stuff.

A power failure emanating from a Jersey City substation halted computer operations in office buildings up and down the Gold Coast today -- but not for tenants of Newport Financial Center in Jersey City, New Jersey.

The 408,000-square-foot "office tower of the future" --designed with redundant power, communications, water and firesafety systems -- provided uninterrupted electricity for the firms that have located there to support and protect their intensive data processing operations.

"The incident never happened, as far as we're concerned," observed Ronald H. Bowman, Jr., director of real estate for Newport Office Properties Corporation, developer of Newport Financial Center.

"With a $40 million high-tech infrastructure, ours is the first and only office complex in North America to match the sophistication of its high-tech tenants," said Bowman. "The power outage was like a trial run," he adds, "and it gave the building a chance to demonstrate its true worth."

Bowman says Newport is the vanguard of a new breed of office complex.

In fact, when an August 1990 fire in a Con Edison substation interrupted power to Wall Street for six days, many financial service firms were already wishing for more facilities like Newport. The Jersey City structure contains a 134,000-square-foot mainframe/data processing center, to which a number of Wall Street firms could transfer their computer operations for the duration of the Con Ed problem.
COPYRIGHT 1992 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Newport Financial Center equipped with $40 million high-technology infrastructure, unaffected by power failure
Publication:Real Estate Weekly
Date:Jul 22, 1992
Words:226
Previous Article:NJ Supreme Court confirms broad reach of ECRA regs.
Next Article:Are you really protected against liability?
Topics:


Related Articles
NJ Gold Coast keeping head above water.
Charles Schwab subsidiary moves to Newport Financial Center.
Financial firms move data to Newport Financial Ctr.
Republic Bank moves data.
Insurance co. moves to Newport Tower.
Newport Financial Ctr. wins intelligent building award.
Newport attracting 'blue chip' tenants from across the Hudson.
Whitman welcomes Chase out of Manhattan.
Dining Out Sideshow.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters