ASHBURN, VA—DuPont Fabros Technology has opened the doors to its sixth data center at the 1.6-million-square foot Ashburn corporate campus, ACC7. At 446,000 square feet and capable of delivering 41.6 megawatts of critical power when fully developed, it is one of the largest multi-tenant data centers in North America, the REIT says—and the largest in its portfolio.
More to the point for users, it is offering some of the lowest operating costs in the local market, which has a wealth of data center offerings.
Statements made during the REIT's latest earnings call in July put ACC7's operating costs at $17 to $18 a kilowatt per month. "Our operating expenses are actually lower than what we originally projected," CEO Hossein Fateh said during the call.
DuPont Fabros also received a sales tax exemption for the Ashburn corporate campus, which gives its users tax savings on computer server equipment.
Earlier this year, the REIT signed its first pre-lease for 2 megawatts of critical load in ACC7, during the July earnings call--a 12-year term with a "rapidly growing company, a great new logo for DFT." The tenant appears to fit the model for ACC7 – that is, it is the perfect site for 2 to 6 or 7 megawatt customers, Fateh said.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
