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The company secured a 1.14MW lease, or six percent of the building, in New Jersey during the third quarter, and executed two more leases at the new facility, totaling 2.84MW, or 16 percent of the building, during the fourth quarter to date, according to a news release. One of the latter two leases was an existing client that decided to move a lease at ACC5 that had not yet commenced to New Jersey.
To date, ACC5 Phase 2 is 75-percent leased and NJ1 Phase 1 is 22-percent leased. The company's critical-load capacity outside of the two new developments is 100-percent leased.
DuPont made the announcements in the report of its financial results for the third quarter, during which it also renewed a 0.81MW lease in Reston, Virginia, until 2017. It was due to expire in 2014.
Hossein Fateh, the company's CEO, said both expansions were completed on budget and on time. "We strengthened our balance sheet by issuing preferred stock and using the proceeds to pay off a near-term debt maturity," he said in a statement, pointing out another highlight of the third quarter. "Additionally, we continue to experience solid demand for our wholesale space from both Internet and enterprise companies."
DuPont reported $0.18 earnings per share on $60.3m in sales for the quarter. The figures represent a 125-percent increase in EPS and a 16.2-percent increase in revenue year-over-year.
So far this year, DuPont has executed 14 leases, totaling 23.18MW of critical load and about 129,000 sq ft of raised floor ÔÇô about $460m of contract value.
The company secured a 1.14MW lease, or six percent of the building, in New Jersey during the third quarter, and executed two more leases at the new facility, totaling 2.84MW, or 16 percent of the building, during the fourth quarter to date, according to a news release. One of the latter two leases was an existing client that decided to move a lease at ACC5 that had not yet commenced to New Jersey.
To date, ACC5 Phase 2 is 75-percent leased and NJ1 Phase 1 is 22-percent leased. The company's critical-load capacity outside of the two new developments is 100-percent leased.
DuPont made the announcements in the report of its financial results for the third quarter, during which it also renewed a 0.81MW lease in Reston, Virginia, until 2017. It was due to expire in 2014.
Hossein Fateh, the company's CEO, said both expansions were completed on budget and on time. "We strengthened our balance sheet by issuing preferred stock and using the proceeds to pay off a near-term debt maturity," he said in a statement, pointing out another highlight of the third quarter. "Additionally, we continue to experience solid demand for our wholesale space from both Internet and enterprise companies."
DuPont reported $0.18 earnings per share on $60.3m in sales for the quarter. The figures represent a 125-percent increase in EPS and a 16.2-percent increase in revenue year-over-year.
So far this year, DuPont has executed 14 leases, totaling 23.18MW of critical load and about 129,000 sq ft of raised floor ÔÇô about $460m of contract value.