Sep 13, 2018
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 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.