EdgeCore Internet Real Estate Acquires Campus Land in Silicon Valley
DENVER – January 14, 2019 – EdgeCore Internet Real Estate, a preeminent developer and operator of state-of-the-art, cloud-connected, wholesale data center campuses has acquired land in Santa Clara, California, to build its fifth US data center campus. The campus is planned to support 80 MW of critical data center capacity and is located in the second largest US data center market near key points of interconnection and cloud-computing hubs. EdgeCore’s Santa Clara campus will be supported by electrical service from Silicon Valley Power. EdgeCore has commenced pre-construction activities on the campus and expects to complete the first phase of capacity during 2020.
With this acquisition, EdgeCore has established the asset base supporting the initial phase of its data center platform with land in five key North American markets. In addition to Santa Clara, EdgeCore has acquired land supporting scalable data center campuses in four additional US markets including Dallas, Phoenix, Northern Virginia, and Reno. In total, EdgeCore controls land positions capable of supporting over 4.4 million square feet and 800 MW of data center capacity to support the growing needs of Global 2000 companies, including hyperscale and Internet companies.
“This is an important milestone in rolling out our wholesale data center platform across the US,” said Matt Muell, SVP Development at EdgeCore. “Santa Clara is the fifth location that we have acquired and commenced development on in less than ten months as we systematically execute upon our goal to be the preeminent developer and operator of wholesale data centers in the United States."
EdgeCore prioritizes client obsession in developing data centers for the world’s largest cloud, internet, and technology companies. Privately held, with committed institutional equity to fund large-scale client requirements up to an aggregate of $3.0 billion, EdgeCore also provides bespoke capital-structure solutions leveraging the lowest available cost of capital. In support of our clients’ speed-to-market requirements, EdgeCore has proactively invested in four power- and shovel-ready campuses and has the ability to expand investment across North America.