100% OF PHASE 1 HAS BEEN PRE-LEASED
QTS Realty Trust has just announced it has commenced the development of a new mega data center campus on its 92-acre site in Hillsboro, Oregon.
The current project targets the development of a 158,000 square foot data center encompassing 85,000 square feet of leasable capacity and 27 megawatts of gross power capacity.
QTS further announced that it has pre-leased 100% of the first phase of this development at the site to a global software-as-a-service provider representing about 4.5 megawatts.
“QTS is committed to be an early mover at scale providing both hyperscale and hybrid colocation solutions in the fastest growing west coast data center market in the country,” said Chad Williams, CEO of QTS Realty Trust.
“We believe the strategic importance of the Hillsboro market will continue to grow as customers focus their data center infrastructure strategies around low-cost markets with strong access to power and a multitude of connectivity options, like Hillsboro. We are pleased to add sellable capacity in a new strategic market to further support and expand our ecosystem of more than 1,200 customers across our footprint.”
QTS believes that the Hillsboro site can ultimately support the construction of five mega data centers, totaling about 1.5 million gross square feet, and featuring over 1 million square feet of leasable space and 250+ megawatts of gross power capacity.
The Company expects to open the first phase of the data center development in mid-2020 and projects an additional power capacity for customers in the second half of 2020. QTS also anticipates to have 100% renewable energy available to its customers from the opening the Hillsboro facility in mid-2020.
In November last year, QTS announced the expansion of its Atlanta-Metro data center campus with the signing of a 12MW Pre-lease. Having an anchor tenant before development is becoming a tradition for QTS. The company calls it a de-risked approach to development and capital allocation.