Wired Real Estate Group Inc. (“WiredRE”) has completed the placement of a national colocation company in a 43,000-sq-ft data center in California. The site has 5 MW of existing utility service, and the site is expected to garner over $20 million in investment as a Tier III colocation facility over its useful life.
The California colocation market is the largest in the world, and it has seen significant data center finance activity over the last several years. Colocation and property firms deploying new capital in the region include Latisys, Alchemy Communications, Digital Realty Trust, Equinix, Vantage Data Centers, DuPont Fabros, Scale Matrix, American Internet Services, Fiber Depot, RedIT, and others.
"While other advisory firms struggle, we have grown our team and market share throughout the downturn, doubling our revenues in 2011,” said Everett Thompson, CEO of WiredRE. “With consolidation and renewed investment in the market, the industry has never been stronger, and we expect 2012 to produce accelerated growth for ourselves and both public and privately held colocation firms.”