Vantage Data Centers has lined up $1.1 billion in financing to build new data centers, using securitization financing, an approach that allows Vantage to pay lower interest rates on its debt.
Developers in Northern Virginia leased a record 115 megawatts of data center space in 2017, topping the 113 megawatts (MWs) absorbed in 2017, according to a new report. Phoenix and Atlanta saw strong gains, while leasing was down in Silicon Valley due to lack of supply.
In a sign of pent-up demand in Silicon Valley, Vantage Data Centers has leased 90 percent of the 9 megawatts of space at its V6 facility in Santa Clara, which opened in October.
In Northern Virginia’s “Data Center Alley,” the appetite for cloud capacity is clearly seen in a recent burst of data center leasing, facility openings and land deals.
Vantage Data Centers has acquired 42 acres of land in Loudoun County’s “Data Center Alley” where it plans to build more than 1 million square feet of data center space.
Vantage Data Centers is being acquired by a consortium of investors led by Digital Bridge Holdings, which sees the purchase as the first step in a larger expansion into the wholesale data center industry.
Vantage Data Centers is commencing construction this week on the new V5 data center on its Santa Clara campus, even as it continues work on its V6 facility. The two facilities add 24 MW of power to the supply-constrained market.
Data center space in Silicon Valley is limited, which has prompted several companies to startd construction projects to bring additional capacity online.
Silicon Valley is America’s second-largest data center market, and home to nearly 2.6 million square feet (SF) of commissioned data center space, representing 343 megawatts (MW) of commissioned power. Read more in our special report.
Silicon Valley is one of largest and most important data center markets in the U.S. Rich Miller, Editor in Chief of Data Center Frontier, teaming up with datacenterHawk have created this free comprehensive guide to help you find the best space and partners in the Silicon Valley Data Center Market. Download it today.