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  #1  
Old 07-25-2012, 09:41 AM
Javo94 Javo94 is offline
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111 8th ave. data centers


I just heard from a large carrier that Internap has not gotten there lease re-signed at 111 8th ave in NYC and will be forced to move there data center out of the building by 2014 within the next 24 months. Is anyone else aware of this?



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Old 07-25-2012, 09:53 AM
Spudstr Spudstr is offline
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Originally Posted by Javo94 View Post
I just heard from a large carrier that Internap has not gotten there lease re-signed at 111 8th ave in NYC and will be forced to move there data center out of the building by 2014 within the next 24 months. Is anyone else aware of this?
Doesn't surprise me.. probably with equinix. They have pulled this stunt with us before.

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Old 07-25-2012, 09:54 AM
KMyers KMyers is offline
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Originally Posted by Javo94 View Post
I just heard from a large carrier that Internap has not gotten there lease re-signed at 111 8th ave in NYC and will be forced to move there data center out of the building by 2014 within the next 24 months. Is anyone else aware of this?
Hello,
24 months is a long way out, it gives plenty of time to negotiate a new lease or plan a move. If they do indeed choose to re-locate, I am sure that customers will get several months notice of the move.

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Old 07-25-2012, 10:03 AM
Techee Techee is offline
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Old 07-25-2012, 10:23 AM
bigtimbers bigtimbers is online now
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they are in there on a sublease through 2024 from Sprint, so it may be that your carrier's info is off by a few years...

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Old 07-25-2012, 10:35 AM
Javo94 Javo94 is offline
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The carrier you mentioned gave the info. There out in 2014.

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Old 07-25-2012, 02:52 PM
bigtimbers bigtimbers is online now
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Originally Posted by Javo94 View Post
The carrier you mentioned gave the info. There out in 2014.
well, if Sprint says they're pulling the plug on them, the plug will get pulled...

probably a win for everyone - they'll save a mint in power costs alone by moving out of the city.

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Old 07-25-2012, 03:11 PM
Kevin Hillstrand Kevin Hillstrand is offline
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ColoCrossing are in 111 8th ave for NYC.

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Old 07-25-2012, 03:31 PM
jayglate jayglate is online now
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111th 8th aka the google building now isn't renewing ANY leases unless they are contractually obligated to in their lease agreement aka they have no choice but to accept. They are kicking everyone out, it might take 20 plus years but they are doing it.

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Old 07-25-2012, 03:55 PM
Noticed Noticed is offline
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Originally Posted by jayglate View Post
111th 8th aka the google building now isn't renewing ANY leases unless they are contractually obligated to in their lease agreement aka they have no choice but to accept. They are kicking everyone out, it might take 20 plus years but they are doing it.
Wow... isn't this surprising Google taking something else over!

However 2 years is a lot of time to get clients moved to another facility.

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Old 07-26-2012, 03:18 AM
mazedk mazedk is offline
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Wow... isn't this surprising Google taking something else over!

However 2 years is a lot of time to get clients moved to another facility.
True, but then on the other hand.. They will most likely need new space somewhere.. that means setting up, gettin a backbone network setup on the new location, gettin all sorts of things sorted out. That all takes a lot of time so the 2 years might go by quicker than you think - trust me, i'v seen these transission with the attitude "oh well, we got plenty of time to do this" ending up with "oh ****, we gotta be out in 2 months and we just moved 25% of our gear!"

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Old 07-26-2012, 02:08 PM
The Broadband Man The Broadband Man is offline
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Originally Posted by FTN-Kevin View Post
ColoCrossing are in 111 8th ave for NYC.
They resell someone there but that's besides the point on this thread - I think everyone's getting the boot

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Old 07-26-2012, 02:17 PM
HNLV HNLV is offline
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So what does this mean for so many providers in the greater NYC / NYC Metro area who connect to providers at 111 8th ave...will they be forced to now pick up carriers from 60 Hudson as the only other *big* carrier hotel in NYC?

Im curious as to why Google would do this...cause last I heard they are not planning to put any big infrastructure in that building due to power costs, is it just because they want the office space for their own expansion?

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Old 07-26-2012, 02:28 PM
Javo94 Javo94 is offline
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So here is my understanding of it. You are correct in they do need the office space. They however will not give up the meet me rooms were all the carriers connect because that is a huge value to Google and they want the connectivity there. Colo space however will be pretty much limited to a select few and there footprints will need to shrink down or routed to other carrier hotels like 60 Hudson. There are a few colo providers there with alot longer leases as mentioned by Kevin.

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Old 07-26-2012, 04:28 PM
swiftnoc swiftnoc is offline
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Originally Posted by Javo94 View Post
There are a few colo providers there with alot longer leases as mentioned by Kevin.
Long leases on Dark Fiber (Or even IRU) , cheap waves and datacenter space & power does make a lot of sense for the Buyer. I know that many on this forum think otherwise, but we usually lock in vendors for 5 or 10 years on Space & Power as well as XCs, 3 to 5 years on Waves and 10 to 20 years on Dark Fiber. In the Colocation market, short leases (12, 24 months) usually means that you need to accept renewals at much higher rates, then you initially paid. You even risk being kicked out completely if a larger party needs all the space or if the datacenter gets bought by a competitor or party, that needs a lot of space.

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