STERLING, VA—Dallas based data center REIT CyrusOne has delivered a new data center at its Sterling, VA, campus at record speed.
The 30-megawatt facility was completed in six months, a record for an enterprise scale data center of this size, according to the REIT, which credits its engineering methods and advanced manufacturing supply chain for the accomplishment.
The new facility was part of the second phase of construction for the campus. CyrusOne is planning to launch phase three soon, it said.
It also is expanding elsewhere in Northern Virginia, having just purchased a 40-acre parcel of Kincora—a 6.7-million-square-foot, mixed-use development property in Loudoun County.
Reimburses Infrastructure Bank with $8M
CyrusOne's purchase of the parcel marked an unrelated milestone: the first designated reimbursement to the public-private partnership that is funding the extension of Pacific Boulevard and Gloucester Parkway. Kincora's lender is the Virginia Transportation Infrastructure Bank and it is financing the Pacific Boulevard extension. It received payment of more than $8 million when CyrusOne acquired the land.
The Gloucester Parkway extension is expected to finish next month, and the Pacific Boulevard extension has a target completion date of December 2016.
STERLING, VA—Dallas based data center REIT CyrusOne has delivered a new data center at its Sterling, VA, campus at record speed.
The 30-megawatt facility was completed in six months, a record for an enterprise scale data center of this size, according to the REIT, which credits its engineering methods and advanced manufacturing supply chain for the accomplishment.
The new facility was part of the second phase of construction for the campus. CyrusOne is planning to launch phase three soon, it said.
It also is expanding elsewhere in Northern
Reimburses Infrastructure Bank with $8M
CyrusOne's purchase of the parcel marked an unrelated milestone: the first designated reimbursement to the public-private partnership that is funding the extension of Pacific Boulevard and Gloucester Parkway. Kincora's lender is the
The Gloucester Parkway extension is expected to finish next month, and the Pacific Boulevard extension has a target completion date of December 2016.
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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.
