CHATHAM, N.J., March 2, 2010 (GLOBE NEWSWIRE) -- CORFAC International today announced that Craig Zurick, senior vice president of The Garibaldi Group/CORFAC International of Chatham, NJ, was recognized last week for the largest network transaction among CORFAC professionals in 2009 in which two or more brokerage professionals from different firms represented a company in a completed sale or lease negotiation. The transaction was a 148,191 square-foot data center lease on behalf of Cervalis, LLC in northern New Jersey. Mr. Zurick accepted the award at CORFAC's annual winter conference in Phoenix, AZ.
The lease was also the biggest transaction by dollar volume among CORFAC firms operating in North America. U.S.-based CORFAC has 50 firms in the U.S., Canada and Mexico in 64 locations. In association with King Sturge, BDI, Rios Commercial and Latin American Corporate Property Services, CORFAC covers 150 markets worldwide with over 3,000 real estate professionals.
Craig Zurick and Howard E. Greenberg, president, Howard Properties, Ltd/CORFAC International of White Plains, NY, jointly represented Cervalis, LLC in the 2009 lease transaction for a newly constructed data center in northern New Jersey.
"The transaction was groundbreaking in that it was Cervalis' first facility in New Jersey, giving the company a full-service presence in New York, New Jersey and Connecticut. We were naturally pleased to have represented the company locally and are very excited to have been recognized among our peer CORFAC professionals at the CORFAC conference," said Mr. Zurick.
Cervalis, a premier provider of IT infrastructure solutions, signed a long-term lease for an entire building which was under construction by Russo Development of Hackensack, NJ. The center will house 50,000 square feet of raised floor data center space, as well as 25,000 square feet of disaster recovery space and administrative offices.
Cervalis now occupies more than 280,000 square feet of space for its data centers and disaster recovery centers in the tri-state area.
"In one of the toughest real estate climates in recent history, this transaction was definitely a highlight within the industry and certainly for CORFAC International," said Owen Rouse Jr., CORFAC International president. Mr. Rouse is also a senior vice president and partner with Manekin LLC/CORFAC International, based in Columbia, Md. "The Cervalis deal also demonstrates the fact that the CORFAC network system works and has been responsible for the completion of major worldwide real estate transactions."
About The Garibaldi Group
The Garibaldi Group is a full-service, global real estate firm now in its tenth decade of operation. With offices in Chatham, New Jersey, as well as in Lehigh Valley, Pennsylvania, the firm's extensive services include real estate consulting and brokerage services, financial services, lease administration, project management/development and property/construction management.
The Garibaldi Group is a member of CORFAC International, an organization of leading, privately-held, entrepreneurial commercial real estate firms serving 100 major markets in North America, and internationally through its King Sturge CORFAC International alliance.
For more information, please contact The Garibaldi Group/CORFAC International at 973-635-0303 or visit www.garibaldi.com.
About CORFAC International
CORFAC International is one of the largest commercial real estate services organizations in the world and celebrates its 21st year in 2010. U.S.-based CORFAC (Hollywood, FL) is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge, BDI in Mexico, Rios Commercial in Puerto Rico and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion. For more information on CORFAC, contact 954-923-6160, mailto:info@corfac.com">info@corfac.com or visit http://www.corfac.com/">www.corfac.com.