QTS Acquires New Jersey Data Center

QTS Realty Trust (QTS), an international provider of data center, managed hosting and cloud services, has purchased a 360,000 square foot data center from DuPont Fabros Technology, Inc. in Piscataway, New Jersey. The facility becomes QTS’ third New Jersey data center, and strengthens its ability to serve Fortune 1000 enterprises, and companies in financial services, healthcare and technology in the Northeast. QTS purchased the existing 18 megawatt facility for approximately $125 million and will plan to add an additional 8 megawatts over the next few years. This represents an upfront cost per megawatt of below $7 million, which is materially below average cost to build in the New York / New Jersey market.

“Acquiring a strategically located facility at a competitive price aligns with our long-term growth strategy and has clear benefits for our customers and shareholders,” said Chad Williams, Chairman and CEO – QTS. “We are confident that our flexible, scalable integrated services platform will continue to meet the needs of one of the nation’s largest Tier 1 markets.”

The LEED Gold certified data center sits on a 38-acre campus in close proximity to New York City’s global financial and business districts. The current facility has built-out capacity representing approximately 18 critical megawatts, and 88,000 square feet of raised floor data center space. QTS plans to strategically redevelop portions of the facility to expand its total raised floor capacity to 176,000 square feet and over 26 megawatts of critical power.

Read the full release at FierceTelecom