Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information on how we use and manage cookies please take a look at our privacy and cookie policies. Some parts of the site may not work properly if you choose not to accept cookies.

sections

US REIT announces two new Virginia data centers

  • Print
  • Share
  • Comment
  • Save

Corporate Office Properties Trust (COPT), which is listed on the NYSE:OFC, executed leases with a subsidiary of an investment-grade Fortune 500 company to deliver two shell buildings on land purchased in Ashburn, Virginia (Ashburn Crossing).

The two buildings will aggregate 315,000 sq ft.

COPT’s total investment in Ashburn Crossing is projected to be US$42m, which includes the remaining land on which the company can build one additional building.

Construction on the first 200,000 sq ft buildings (COPT DC-8) will commence early in 2013, in anticipation of a fourth quarter 2013 lease start date.

COPT said it anticipates breaking ground on the second 115,000 sq ft building (COPT DC-9) no later than mid-2014, with a lease start date approximately nine months later.

The leases were signed at the end of 2012 and brought the company’s development leasing volume to 1.2m sq ft for the year.

“We are pleased to be able to meet this customer’s need in Northern Virginia, one of COPT’s strategic markets,” Roger A. Waesche, Jr, President & Chief Executive Officer of COPT, said.

“These leases further evidence COPT’s discipline in matching new development starts to projects where demand is strong and/or where we have leases in-hand.”  

COPT is an office REIT that focuses primarily on strategic customer relationships and specialized tenant requirements in the US Government and Defense Information Technology sectors and data centers serving such sectors.

It acquires, develops, manages and leases office and data center properties that are typically concentrated in large office parks primarily located adjacent to government demand drivers and/or in strong markets it believes possess growth opportunities.

As of September 30, 2012, the Company’s consolidated portfolio consisted of 206 office properties totaling 18.6m rentable square feet.

Related images

  • COPTÔÇÖs 233,000 sq ft data center DC6 which is already operating in Virginia

Have your say

Please view our terms and conditions before submitting your comment.

required
required
required
required
required
  • Print
  • Share
  • Comment
  • Save

Webinars

  • Power Optimization – Can Your Business Survive an Unplanned Outage? (APAC)

    Wed, 26 Aug 2015 05:00:00

    Most outages are accidental; by adopting an intelligent power chain, you can help mitigate them and reduce your mean-time to repair. Join Anixter and DatacenterDynamics for a webinar on the five best practices and measurement techniques to help you obtain the performance data you need to optimize your power chain. Register today!

  • Power Optimization – Can Your Business Survive an Unplanned Outage? (Americas)

    Tue, 25 Aug 2015 18:00:00

    Most outages are accidental; by adopting an intelligent power chain, you can help mitigate them and reduce your mean-time to repair. Join Anixter and DatacenterDynamics for a webinar on the five best practices and measurement techniques to help you obtain the performance data you need to optimize your power chain. Register today!

  • Power Optimization – Can Your Business Survive an Unplanned Outage? (EMEA)

    Tue, 25 Aug 2015 14:00:00

    Most outages are accidental; by adopting an intelligent power chain, you can help mitigate them and reduce your mean-time to repair. Join Anixter and DatacenterDynamics for a webinar on the five best practices and measurement techniques to help you obtain the performance data you need to optimize your power chain. Register today!

  • 5 Reasons Why DCIM Has Failed

    Wed, 15 Jul 2015 10:00:00

    Historically, DCIM systems have over-promised and under-delivered. Vendors have supplied complex and costly solutions which fail to address real business drivers and goals. Yet the rewards can be vast and go well beyond better-informed decision-making, to facilitate continuous improvement and cost savings across the infrastructure. How can vendors, customers and the industry as a whole take a better approach? Find out on our webinar on Wednesday 15 July.

  • Is Your Data Center Network Adapting To Constant Change? (APAC)

    Wed, 24 Jun 2015 05:00:00

    Over the next three years, global IP data center traffic is forecast to grow 23 percent—and 75 percent of that growth is expected to be internal*. In a constantly changing environment and as planners seek to control costs by maximizing floor space, choosing the right cabling architectures is now critical. Is your structured cabling system ready to meet the challenge? Join Anixter's Technical Services Director, Andrew Flint and DatacenterDynamics CTO Stephen Worn and Jonathan Jew, Editor ASI as they discuss how to: •Create network stability and flexibility •Future-ready cabling topology •Make the right media selection •Anticipate and plan for density demands Essential viewing for data center planners and operators everywhere – Register Now! Please note that these presentations will only be delivered in English. 1.EMEA: Tuesday 23 June, 3 p.m BST 2.Americas: Tuesday 23 June, 1 p.m CST 3.APAC: Wednesday 24 June, 1 p.m SGT APAC customers – please note the equivalent country times: India: 10:30am; Indonesia, Thailand: 12 noon; Singapore, Malaysia, Philippines, China, Taiwan, Hong Kong: 1pm; Australia (Sydney): 3pm ; New Zealand: 5pm.

More link