CHANDLER, AZ-After a months-long search for a new data cente site, CyrusOne targeted the Phoenix area. The wholly-owned subsidiary of Cincinnati Bell acquired 40 acres in the master-planned Continuum, with groundbreaking on the one-million-square-foot center anticipated for early 2012.
“We looked at other areas in the southwest, and ended up zeroing in on Phoenix,” says Gary Wojtaszek, president of Houston-based CyrusOne. “It’s a growing region with a very educated workforce.” Furthermore, he added, natural disasters, or rather, lack of them, played a huge role in the decision. “The area is free from everything other than sandstorms,” Wojtaszek tells GlobeSt.com.
Project costs will range from $150 million to $200 million and, upon completion, the center will be shopped around to Fortune 500 companies and other entities on the West Coast and in the southwest that require data center infrastructure for mission critical applications. Wojtaszek says the center will be completed by the end of 2012.
Construction is underway on a substation that will deliver 110 megawatts. Wojtaszek also says the project is a natural for solar power, especially because of a green focus, though nothing specific has been developed along those lines just yet.
CyrusOne worked with Continuum developer Capital Commercial Investments Inc., with the assistance of CB Richard Ellis, to complete the land acquisition. Wojtaszek says the company is currently putting together the project design and development team.
The 152-acre Continuum, located in the Price Corridor, is being developed on the former site of Motorola Inc. Capital Commercial paid $18.5 million in 2009 to buy the acreage, and the development is being positioned as a science, technology and renewable energy business park.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
