Wired Real Estate Group Inc. (“WiredRE”) has completed the placement of a national colocation company in an 82,000 sq ft property in Denver. The site has 14 MW of existing utility service, and when completed, the site is expected to garner over $50 million in investment as a high density, Tier III colocation facility.
The Colorado data center market has seen significant investment and finance activity over the last several years. WiredRE estimates the total market for data centers in Colorado is over 40 MW annually, and approximately half of that demand surrounds Denver with the other remaining 20 MW ultimately landing in Colorado Springs. Wal-Mart recently acquired property in Colorado Springs for their next data center, following a host of other firms such as Agilent, FedEx, HP, Progressive Insurance, T. Rowe Price, and Oracle, among others. WiredRE also represents the Vineyard Data Center Park, located in South Colorado Springs, which has recently been awarded both state and federal incentives (New Market Tax Credits) estimated at over $100 million.
"We doubled our revenues in 2011 and we expect to achieve 200% revenue growth in 2012. The broad adoption of our services and increasing market demand are strong indicators driving the preference for advisory and development firms solely focused on data centers,” commented Everett Thompson, CEO.
For more information about WiredRE and its approach to data center advisory solutions, visit www.wiredre.com.