T5 Confirms Financial Services Tenant at Kings Mountain
September 18th, 2013 By: Rich Miller
T5 Data Centers has confirmed that a global financial services company is the newest tenant to sign a lease for data center space at the T5@Kings Mountain campus. The customer, whom T5 didn’t identify, has signed a 10-year turn-key lease for half of one of the campus’ powered building shells.
“We are seeing more financial institutions from the Northeast coming to T5 for data center solutions that can be customized, offer greater reliability and better security at a reasonable price,” said Pete Marin, President and CEO of T5 Data Centers. “Our Kings Mountain facility is ideally located, since it is in the same time zone and close to the Northeast and has a solid fiber connection with multiple providers including long haul fiber connectivity from AT&T and Level 3. We anticipate other financial institutions to follow the customer’s example because of our Low Risk location, High Quality Data Center Space and our Customized Solution.”
Duke Energy has a dedicated 180 MW substation servicing the Kings Mountain data center campus delivering stable, low-cost power. The campus also uses underground concrete encased duct bank system for power feeds. State and local tax incentives offer up to 100 percent abatement on data center equipment and software.
T5 Data Centers has raised a combined $500 million over the past three years. T5 currently offers wholesale data center space in business-critical data center facilities in Atlanta, Los Angeles, Dallas, and Charlotte with new projects announced in Portland andColorado Springs.