Equinix Inc. (EQIX) said Wednesday that it has selected a site in Secaucus, N.J. for its planned expansion in the New York metro area, subject to additional due diligence and final lease negotiations. The 330,000 square foot facility is "in close proximity" to the company's existing site in Secaucus, and will be built out in phases.
The first phase is expected to open in the second half of 2007 and will add between 1,600 to 1,800 sellable cabinets, according to Equinix, generating approximately $40.0 million in revenues at the midpoint. The capital investment for the first phase is expected to range between $75 million to $85 million, with approximately $5 million expected to be incurred in 2006.
Equinix recently announced the opening of its fourth Internet Business Exchange center in Silicon Valley, and is investing $165 million in a new data center in Chicago, and another $50 to $55 million to build out one of the undeveloped sites within its 461,681 square foot northern Virginia data center campus.