DuPont Fabros Technology released details of a lease agreement at its ACC5 data center facility in Ashburn, Virginia saying it a total of 2.275 megawatts (MW) of critical load was pre-leased to Net2EZ Managed Data Centers.
Net2EZ Managed Data Centers provides of colocation, metro-connectivity, and managed data center services to the US market.
The space represents 12.5 percent of ACC5's Phase I available critical load and is included in the 57 percent of space pre-leased to date at that facility.
DuPont Fabros began ground-up construction of ACC5 in the first quarter of 2008 and expects to deliver the facility in the third quarter of 2009. When completed, ACC5 will comprise two phases of 18.2 MW totaling 36.4 MW of critical load.
Net2EZ currently leases 2.275 MW of critical load at the Company's ACC4 data center facility in Ashburn. The tenant's flexible platform and expanded presence at DFT's two Ashburn facilities provide an opportunity for companies historically considered too small to now gain access to top-tier wholesale data centers like ACC4 and ACC5.
Hossein Fateh, President and Chief Executive Officer of DuPont Fabros Technology, Inc., said, "Through this agreement with Net2EZ at ACC5 we are strengthening our relationship with a high quality and valued tenant at our Ashburn campus. Moreover, this will allow smaller companies to capitalize on the level of reliability we've made available through our best in class data centers. Looking ahead, it is our hope that Net2EZ will serve as an effective conduit through which smaller scale companies will develop, thrive and ultimately become direct tenants of DFT."
Pervez Delawalla, Chief Executive Officer of Net2EZ, said, "As a current tenant, we believe that DuPont Fabros Technology offers the best quality data center space available in the northern Virginia market today. Our decision to take additional space at the Company's new ACC5 data center demonstrates our confidence in these facilities and further strengthens a productive partnership."
DuPont Fabros Technology, Inc. is a real estate investment trust (REIT).