Jones Lang LaSalle Joins Digital Realty to Open Data Center Expansion in Chandler, AZ
“Leaders from Chandler, Phoenix and Tempe have recognized the future of the data center market and are collaborating to bring those economic benefits to their communities,” said Dave Caron, senior vice president of portfolio management at Digital Realty. “We look forward to celebrating their initiative, our partnership and the advancing high-tech reputation of the Valley.”
“In today’s market, it’s critical that businesses efficiently manage their data and keep ahead of technology applications, such as cloud computing and the use of internet-driven devices,” said Mark Bauer, managing director of the Data Centers Solutions (DSC) group in the Phoenix office of Jones Lang LaSalle. “Because data centers take on that role, demand for this building type is exponential.”
Bauer, along with Jason Warner, managing director in the Los Angeles office of Jones Lang LaSalle, lead the listing team for the data center expansion.
Phase Two of 2121 S. Price Road began in January, after the 293,000-sq-ft Phase One reached 100 percent occupancy. The expanded shell wraps around the original building and includes three 1125 kilowatt Turn-Key Datacenters, which provide move-in ready data center space.
“Arizona’s lack of natural disasters, below-average cost of energy, diverse mix of fuel sources, major fiber network, talented IT workforce and affordable cost of doing business make it one of the nation’s top locations for data centers,” said Bauer. “I don’t see this demand tapering off anytime soon.”
The 2121 project is located in the Price Road Tech Corridor, just 20 minutes from downtown Phoenix. It provides a technologically and financially secure alternative for data center needs and is the core competency of Digital Realty. The multi-tenant building has a 69 kV substation on site, power capacity of up to 60 MVA, N+1 redundancy and 15 current network providers.
Jones Lang LaSalle is a leader in the Phoenix commercial real estate market. Employing nearly 350 of the area’s most recognized industry experts, the firm offers office and industrial brokerage, tenant representation, facility and investment management, capital markets and development services. In 2010, the Phoenix team completed 3.2 million square feet in lease transactions, directed $60 million in project management and currently has 13.5 million square feet under management.