Early delivery of commissioned space to global health insurance provider result of innovative modular design
In eight weeks, QTS has erected three stories of steel framing and roofing, constructed the hardened foundation and concrete flooring, and is nearing completion of raising the tilt walls enclosing the facility. The company attributes the rapid pace to an innovative modular design along with scalable mechanical and electrical systems accelerating speed-to-market.
Additional land acquisitions in Phoenix, Arizona and Hillsboro, Oregon position QTS with strategic options in key hyperscale growth markets
Company has agreed to acquire a total of 52 acres of land in Ashburn, Virginia in two parcels for a total purchase price of $53 million. The first parcel, representing 24 acres and a $17 million purchase price, closed during the third quarter of 2017. The second parcel, representing 28 acres and a $36 million purchase price, closed subsequent to the end of the third quarter of 2017. The combined site is located adjacent to QTS’ existing Vault campus in Dulles, Virginia, and provides significant capacity to support the Company’s ongoing growth in the nation’s largest Tier 1 data center market. In addition, the combined land parcels enhance the company’s strategic options in the Northern Virginia market where available land for development has become increasingly scarce. QTS believes the new combined site can ultimately support a total of more than 700,000 square feet of raised floor capacity and 140 megawatts of gross power.