Terremark Buys More Land in Virginia
May 19th, 2010 By: Rich Miller
Terremark Worldwide has acquired 27 acres of land directly adjacent to its NAP of the Capital Region campus in Culpeper, Virginia, which will allow it double the size of the project, the company said today.
Terremark (TMRK) spent $5 million on the land deal, which provides space to build a second data center campus featuring at least 250,000 square feet of data center space and 100,000 square feet of Class A office space. That places the total data center footprint planned for the site at 500,000 square feet.
Strong Leasing Drives Expansion
The colocation and cloud computing provider said its decision to expand the scope of the NAP of the Capital Region was based on its success leasing space in the existing facilities at Culpeper. Terremark recently began construction on the third of the five 50,000 data center buildings planned for the campus.
More than 65 percent of the campus’ available data center space is currently under contract, according to Terremark, whose leasing disclosures suggest the company has brought in new deals for about 22,000 square feet of space since it announced the third data center just three weeks ago.
“With the outstanding success and explosive growth of the NAP of the Capital Region, acquiring the land adjacent to the existing campus was a vital step in securing our position to continue meeting the strong demand for Terremark’s services among federal customers and large multinational companies,” said Manuel D. Medina, Terremark’s Chairman and CEO.
“Our ability to secure contracts for a significant percentage of our existing datacenter space so quickly is a testament to the unique ecosystem of highly secure, top-quality solutions that are ideally suited to meet the needs of large organizations pursuing datacenter consolidation and other IT projects to drive greater efficiencies in their systems,” he added.
The NAP of the Capital Region is the lynchpin of Terremark’s push to capture additional market share in the market for ultra-secure government hosting. Terremark has designed the campus to support the latest approaches to energy-efficiency and high-density computing. But security is the primary selling point for the new data center, which is optimized for government security agencies.
Terremark recently unveiled a 72,000-square-foot headquarters building that features a 150-seat auditorium built to the federal government’s Physical Security Standards for Sensitive Compartmented Information Facilities (SCIF) and approximately 50,000 square feet of Class A office space that can be built to SCIF specifications in order to meet customer demands.