New Data Space Available
This new assignment, along with the Silicon Valley site, are unique owing to their size and scope, covering one facility in Eastern Washington, two facilities in California, and single sites in New Jersey, Chicago, and Virginia. Available capacities ranging from several hundred kilowatts to nearly three megawatts of single-site availability. It also marks the emergence of a viable secondary market for turnkey data center space.
“This is a great opportunity to takeover an existing site and recognize significant saving of between $10 and $20 million over ten years. We’ve been advising our clients for several years to procure opportunistically, and these sites are the perfect example of such an opportunity.” noted Everett Thompson, CEO, WiredRE. WiredRE has experience advising Verizon, Agilent technologies, and half of the nation’s most admired investment banks.
In today’s market, five MW of turnkey, wholesale data center capacity, with infrastructure down to the PDU, would be valued at approximately $100 million over a ten-year commitment. WiredRE was awarded the contract over national firms CB Richard Ellis, Grubb & Ellis, and Cushman & Wakefield owing to its broad reach, primary market research, and exclusive focus on cloud, colocation, and data center real estate. “WiredRE has been rapidly taking market share from the large office brokerage firms,” commented Everett Thompson, CEO, WiredRE. “This assignment is a great example of a sophisticated client who understands the market well and demanded a specialist.”
WiredRE intends to develop it’s 95,000 sq-ft Silicon Valley site into a colocation, tech office, and cloud development center. Interested parties should contact their WiredRE representative or e-mail the company via their website contact page at www.wiredre.com.