EdgeCore Internet Real Estate Acquires 36 Acres of Scalable Land in Data Center Alley
DENVER -- September 13, 2018 -- EdgeCore Internet Real Estate, a provider of state-of-the-art, cloud-connected data centers, announced that it has acquired 36.8 acres of land in Sterling, Virginia. With this acquisition EdgeCore plans to build its Northern Virginia data center campus, providing up to 144 megawatts of critical capacity. The location of this land, along with EdgeCore’s business model, supports customers seeking scalable wholesale data center capacity with low-latency access to key cloud hubs and supporting network access in Sterling and across Northern Virginia.
EdgeCore plans to immediately commence site work and the installation of utility infrastructure to support just-in-time delivery of four planned 36 MW data centers on its Northern Virginia campus as customer demand requires. The Company believes the location of its campus is highly aligned with EdgeCore’s target customers seeking both build-to-suit and programmatic development of shell and turn-key data center capacity across the largest data center markets in the U.S.
This acquisition represents continued execution upon EdgeCore’s business plan as one of North America’s premiere data center development and operating companies. Specifically, with the Northern Virginia acquisition and since closing its initial capital raise in February, 2018, EdgeCore has acquired land supporting scalable data center campuses of at least 100 MW each in the Dallas, Phoenix, Northern Virginia, and Reno markets. Additionally, EdgeCore expects to substantially complete the first phase of turn-key capacity at its Phoenix, Arizona campus in the first quarter of 2019.
“We are pleased to be on track in executing against our plan,” said Tom Ray, Chairman and CEO of EdgeCore. “We will continue to work hard to deliver upon the breadth and depth of scale, along with just-in-time delivery capabilities, our customers require. Our entry into Northern Virginia represents our fourth market over the past six months and we remain focused upon entering additional markets over the next year. We continue to be grateful for the trust of our customers, the work of our leadership team, and the support of our investors as we execute in our role as a preeminent developer, owner, and operator of wholesale data center capacity across the US.”
EdgeCore Internet Real Estate is a preeminent U.S. developer, owner and operator of highly scalable, cloud-connected, wholesale data center campuses, providing solutions to the Global 2000, including hyperscale cloud and Internet companies. EdgeCore is currently developing data center campuses in Dallas, Phoenix, Northern Virginia, Reno, and Silicon Valley with plans to develop campuses in additional markets. Each of the Company’s five initial campuses is designed to support between 80 and 225 MW of critical load, representing total capacity exceeding 800 MW across the Company’s current platform. EdgeCore is committed to enabling the growth and supporting the rigorous performance requirements of its customers leveraging ready-for-service capacity and bespoke build-to-suit solutions across the U.S.