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.
New Hyperscale Deployment Model Showcases QTS’ Ability to Rapidly Provide Incremental QTS HyperBlocks in Mega Data Centers
QTS’ Irving hyperscale customer is executing on its plan to incrementally increase its capacity. The company initially selected QTS in 2016 to deliver on its hyperscale growth strategy and is now expanding by an additional two megawatt HyperBlock with the option to scale by an additional two megawatts over time.
Solution Showcases QTS’ Ability to Deliver Scale Capacity and Speed with World-Class Infrastructure and Customer Service
The Internet of Things, artificial intelligence, machine learning, and online retailing are driving demand for increased computing power and capacity. Large enterprises and public cloud providers, known as hyperscale companies, are constantly monitoring the need to scale with additional capacity quickly and affordably. While some hyperscale companies are consuming significant concentrated megawatt deployments, QTS has seen a trend toward hyperscale companies taking multiple small block deployments over a period of time to reduce risk and increase agility.