Colo Bytes: CyrusOne, IO, Centeris, Wave

March 16th, 2016 by · Leave a Comment

Here’s three interesting data center expansion projects from the first half of this week that should not be missed:

Out in Phoenix, IO has completed a major refinancing and has plans to expand its footprint. They closed a deals for $445M in debt from Deutsche Bank and $60M in growth capital from Macquarie Capital. With that sum, they will refinance their current debt, exercise purchase options on the land beneath their New Jersey and Ohio data centers, and build a new three story data center on 9 acres they recently purchased next door to their Phoenix campus. That new data center will have 100MVA in total capacity, potentially doubling their Arizona footprint.

CyrusOne has made a significant purchase out in the Chicago metro area. They are buying CME Group’s data center in Aurora for $130M. CME Group and its electronic trading platform will still be in the building, taking up a 15 year lease for space with options to expand. But CyrusOne will have some other room to sell, given the total square footage in the facility of 428,000 square feet.

And out on the west coast, Wave Broadband and Centeris have launched what they are billing as the first transpacific broadband data and fiber hub. Centeris operates an 86 acre data center campus in Pyallup south of Seattle with 200,000 square feet and 50MW of power. Wave Broadband operates metro and regional fiber in and between markets along the west coast, but most densely in Seattle. The two have paired that colo, fiber, and access to submarine cables to create a new hub aimed at enterprises with interests on both sides of the Pacific.

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Categories: Datacenter · Financials · Mergers and Acquisitions · Metro fiber

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