Harrison Street, Fifteenfortyseven Reach Full Occupancy at Orangeburg Data Center, Plan Further Expansion Near Manhattan

Harrison Street and fifteenfortyseven Critical Systems Realty have reached full occupancy at their colocation data center in Orangeburg, New York, the firms announced April 28, completing the third phase of a five-year, demand-driven buildout at the facility located approximately 18 miles north of Manhattan.

The Orangeburg data center now supports approximately 18 megawatts of critical IT load and is operating at near-full utilization across 232,000 square feet of densified space. The joint venture has delivered roughly 14 megawatts of incremental capacity since acquiring the facility in 2021, when it supported just 3.7 megawatts.

Expansion Pipeline Targets Growing New York Metro Demand

Despite reaching full occupancy, development activity at the site is ongoing. A 12-megawatt utility feed is currently under development, and the site holds pre-approval for an additional 230,000-square-foot building supported by a planned on-site 60-megawatt substation.

The Greater New York data center market is among the largest in the United States, according to the announcement. Demand is supported by dense network connectivity via multiple terrestrial fiber routes linking major U.S. markets, as well as subsea cable landings along the coasts of Long Island and New Jersey that enable direct international connectivity, particularly with Europe.

Tenant demand at Orangeburg is driven primarily by financial services firms, including bulge-bracket banks, high-frequency trading platforms, and hedge funds that require ultra-low-latency connectivity to Manhattan, the firms said.

A Disciplined, Demand-Driven Development Model

"The Orangeburg data center exemplifies our approach to digital infrastructure investing, pairing strategic locations with disciplined demand-driven expansion," said Michael Hochanadel, Head of Digital Assets at Harrison Street Asset Management. "Each phase of development has been supported by demonstrated customer demand. Our partner delivered on schedule and within budget, while continuing to operate a critical data center with no downtime, reinforcing the strength of our collective platform."

J. Todd Raymond, Chief Executive Officer and Managing Director of fifteenfortyseven Critical Systems Realty, echoed that assessment. "Orangeburg is a prime example of what can be achieved through disciplined execution and close partnership," Raymond said. "From day one, our focus has been on delivering capacity in direct response to customer demand while maintaining the performance and reliability our clients depend on. With strong connectivity into Manhattan and the broader New York metro ecosystem, this facility plays a critical role in supporting some of the most latency-sensitive workloads in the market."

Harrison Street's Broader Digital Infrastructure Push

The Orangeburg milestone reflects a broader strategic commitment by Harrison Street Asset Management to digital infrastructure as an asset class. Since 2018, the firm's digital investment platform has committed more than $6.5 billion to powered shells, carrier hotels, colocation sites, and dark fiber platforms. Harrison Street manages over $108 billion in assets under management across real estate, infrastructure, and credit strategies.

fifteenfortyseven Critical Systems Realty manages more than 1.25 million square feet of data center space across North America. The firm's portfolio emphasizes carrier hotels and core connectivity hubs designed for high-interconnection environments.

Market Context

The Orangeburg data center's trajectory — from a 3.7-megawatt facility at acquisition in 2021 to an 18-megawatt, fully leased asset with a pipeline for further expansion — illustrates the demand-driven growth potential in supply-constrained markets near major financial centers, according to the firms.

The planned 60-megawatt substation, if completed, would support a second major building on the campus and significantly increase the site's power capacity.

Harrison Street Asset Management is headquartered in Chicago with additional offices in Toronto and London, and employs more than 600 people across North America, Europe, Asia, and the Middle East. fifteenfortyseven Critical Systems Realty focuses on highly interconnected, custom-designed data center facilities across North America.

Sources

Harrison Street Asset Management – Official Announcement, April 28, 2026