Posted By Rich Miller On June 11, 2008 @ 9:51 am In CoreSite | Comments Disabled
A Fortune 500 company could more efficiently manage its capital and reduce operating expenses by selling an underutilized data center to CRG West and leasing back all or a portion for a flexible term. Alternatively, a company looking to expand its data center footprint could build into a larger CRG West data center complex. Data center design, development and construction can be a time-consuming and difficult process that many companies are not staffed to manage. CRG West’s turn-key model offers benefits to any IT executive evaluating a data center need.A sale-leaseback option typically involves a property owner selling their building to a second party, while agreeing to continue to lease space in the building. The transaction generates cash for the former owner (now the tenant), and provides the new owner steady rent from the lease. “CRG West is well positioned to continue to extend its data center expertise and access to capital to meet customer needs at any point along the continuum from wholesale data center space through retail colocation, interconnection and peering,” said Thomas M. Ray, Managing Director at The Carlyle Group and CEO of CRG West. “Further, the company actively seeks to extend its services and capital to customers in new markets. “CRG West brings deep experience in real estate development, data center design, construction and management, and colocation and peering services,” Ray continued. “Combined with The Carlyle Group’s ability to provide capital structure alternatives to meet virtually any need and any time frame, CRG West offers a compelling value proposition in the current investment climate.” CRG West now operates more than 2 million square feet of carrier hotel and data center space in nine facilities in Los Angeles, San Jose, Chicago, Boston, Miami, northern Virginia and New York. The company has been steadily increasing its national footprint of data center and carrier hotel properties over the last two years, as well as building its meet-me-room and interconnection business.
Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2008/06/11/crg-west-offers-build-to-suit-services/
URLs in this post:
 CRG West: http://www.crgwest.com
 Digital Realty Trust: http://www.datacenterknowledge.com/archives/digital_realty_trust-index.html
 incumbent advantage: http://www.datacenterknowledge.com/archives/2008/Mar/04/crunch_time_the_incumbent_advantage.html
 CRG West : http://www.datacenterknowledge.com/archives/crg_west-index.html
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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