MANASSAS, VA–Boston-based REIT Iron Mountain has opened a 165,000 square-foot, 10.5-megawatt multi-tenant and cloud facility here that will be the first of four planned data centers in Northern Virginia. The data center is also the REIT's first in the state, joining its other markets of Boston, Denver, Kansas City and Western Pennsylvania.
This particular center will service the REIT's existing and new governmental customers, according to CEO William L. Meaney. He said the data center is especially suited for heavily regulated enterprises, cloud providers and government agencies. “Together with our existing data centers and recent acquisitions, this data center helps to further accelerate our fastest growing business segment,” Meaney said in a prepared statement.
There are two additional phases to come in this first data center as well as plans to develop three other facilities on the campus. Iron Mountain's total investment for the 83-acre campus is expected to be over $350 million.
Iron Mountain has already invested over $80 million in the first phase of this data center, which opens as an Uptime Institute Tier III certified facility for design and construction, according to Virginia Governor Terry McAuliffe. The facility, which supports such standards as ISO 27001, FISMA High, PCI-DSS Level 1, HIPAA, SOC 2 Type II and SOC 3, opened with more than half of its first phase capacity pre-leased.
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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.
