Starting April 1, the company – which specializes in quantitative trading and investment strategies – will be set up at the Palisades Data Center, 348 W. Rt. 9W in Palisades, with 250 kilowatts, expandable to 500 kilowatts.
The firm does not plan to conduct high-frequency trades – where large volumes of shares are bought and sold within fractions of a second – from the facility, although it will have that capability if it chooses to expand the operation in the future, said Sean Brady, senior director and co-founder of Cushman & Wakefield’s Data Center Advisory Group
He said there will be about five employees of the financial services tenant coming to the site. The other occupant of the 24,000-square-foot building is its owner, Owner Skae Power Solutions, and there will be room for more tenants as well.
“We continue to see a great deal of interest from potential tenants,” Brady said.
There are only a few of these types of facilities available in Rockland, including Blue Hill Data Services in Pearl River and Frontline Data Services in Orangeburg.