CRG West and The Carlyle Group have announced the acquisition of a second carrier-neutral data center in the heart of Silicon Valley.
The Valley Exchange is located at 1656 McCarthy Blvd. in Milpitas, California and is situated less than six miles from CRG West's Market Post Tower. Designed and implemented from the ground-up as a world-class data center, space will soon be available for lease in this premier facility.
Developed in 2001, the former MCI-WorldCom facility offers more than 43,000 contiguous square-feet of raised-floor data center space and is expected to open in the second quarter of 2007. Upon opening, the Valley Exchange will be ideally suited to accommodate the growing need for space capable of handling high density server and enterprise applications on a local, regional and international level.
The strategic acquisition of the Valley Exchange more than doubles CRG West's current colocation footprint in the San Francisco Bay Area and allows CRG West to continue meeting the demand for high quality colocation space. With direct connectivity to Market Post Tower, customers of the Valley Exchange will now have the ability to connect with over 90 telecom and Internet customers already deployed with CRG West in San Jose. Additionally, the Any2 Peering Exchange, with over 80 active networks, will also be available at the Valley Exchange to further enhance connectivity options.
"The demand for high-powered data center space continues to grow in the Silicon Valley market while its supply is rapidly diminishing. Valley Exchange presented an excellent opportunity to purchase a first-class data center in a great location. The acquisition allows us to combine the interconnection density of Market Post Tower with the carrier-grade attributes of Valley Exchange. Companies will find the Valley Exchange to be a tremendous value," said David W. Dunn, senior vice president, CRG West.
The addition of this facility to the CRG West Portfolio continues the trend of growth for CRG West who now owns and operates telecom and data center facilities in the strategic markets of Los Angeles, the San Francisco Bay Area, Miami, Washington D.C. and Chicago.