 In early June 2011, Sabey Data Center Properties, the largest privately held developer, owner, and operator of data centers in the United States purchased the deed in lieu of foreclosure from M&T Bank for $120 million, considerably less than what Taconic had paid a few years earlier.Sabey intends to redevelop the property as a major Manhattan data center and technology building.The building is now referred to as Intergate.Manhattan.