WASHINGTON, Oct. 27, 2016 (GLOBE NEWSWIRE) -- DuPont Fabros Technology, Inc. (NYSE:DFT), a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenant wholesale data centers announced today that it has purchased a building and land previously used for printing the Toronto Star newspaper in Vaughan, Ontario for a purchase price of CAD $54,250,000.
This acquisition will be used for DFT’s first data center, TOR1, in the Greater Toronto Area. We will use our new design 4.0 which gives customers options to pick their own power density and resiliency. We estimate that this data center will have approximately 23 computer rooms when fully built out and provide critical load of up to 46 megawatts (“MW”). Phase I of TOR1 will consist of 12 computer rooms totaling approximately 125,000 computer room square feet with critical load of up to 24 MW. The company anticipates service beginning in the third quarter of 2017.
Christopher P. Eldredge, President and CEO, stated “We look forward to expanding our business into the Toronto market. We believe that there is robust demand for first-class data center services in Toronto. As we have discussed previously, entry into this market is a key aspect of our strategic plan. Now that the purchase is complete, our pre-leasing efforts will target both existing and new customers who may need our premier wholesale data center services in Toronto.”
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology Inc. (NYSE:DFT) is a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenanted wholesale data centers. The Company’s facilities are designed to offer highly specialized, efficient, and safe computing environments in a low-cost operating model. The Company’s customers outsource their mission-critical applications and include national and international enterprises across numerous industries, such as technology, Internet content providers, media, communications, cloud-based, healthcare, and financial services. The Company’s 11 data centers are located in three major U.S. markets, which total 3.3 million gross square feet and 286 megawatts of available critical load to power the servers and computing equipment of its customers. The Company is in the process of expanding into two new markets. DuPont Fabros Technology is a real estate investment trust (REIT) headquartered in Washington, D.C. For more information, please visit www.dft.com.
