CyrusOne Continues Westward Expansion with Additional Phoenix Land Purchase
CyrusOne’s Largest Data Center Campus in the Southwest Now Totals More Than 85 Acres of Land and Anticipates Future Expansion to West Coast
DALLAS (October 11, 2016) – Global colocation solutions provider CyrusOne (NASDAQ: CONE) has purchased more than 29 acres of land located in the Continuum Business Park in the Phoenix suburb of Chandler, Arizona. The purchase and construction of the development property over the next several years will leverage a shared ecosystem with CyrusOne’s existing Phoenix data center buildings currently on the campus. The additional property expands CyrusOne’s data center campus to more than 85 acres, ensuring CyrusOne maintains the largest data center campus in the Southwest and one of the largest in the United States.
“The Phoenix metro-area has seen tremendous growth over the past few years as companies continue to relocate to the area. As the recognized leader in the Fortune 1000 space, this expansion will enable CyrusOne to continue to meet the growing data center needs of these companies,” said Kevin Timmons, chief technology officer at CyrusOne. “The City of Chandler has been an excellent partner for CyrusOne and we have grown in lockstep with the Phoenix metro-area as the region has emerged as one of the largest data center markets in the country. As the preeminent data center provider with the largest campus, CyrusOne is thrilled to continue to work with the community during our expansion by creating new local jobs.”
With the additional land, CyrusOne’s Phoenix data centers will offer over 2 million square feet of data center space and is exceptionally well suited for Cloud, Internet and other fast-growing Fortune 1000 companies that require robust data center infrastructure for mission-critical applications. In addition to the lower operating costs in Phoenix, the entire area is generally considered one of the safest in the country—free from natural disasters, including seismic activity, tornadoes, and hurricanes.
“As we look to the future, we have a similar desire to build a comparable campus in the Santa Clara, California region. Together with this Phoenix campus, these locations would continue to enhance CyrusOne’s ability in provide data center services to the high-tech, social media, and enterprise firms along the west coast,” Timmons continued. “We see these expansions as a way to serve more of our customers that are seeking build-to-suit, production, and disaster recovery data center solutions throughout the West and Southwest regions.”
As part of CyrusOne’s National Internet Exchange (IX) platform, the Phoenix data center campus provides interconnection to other CyrusOne data centers across the country. CyrusOne operates more than 30 carrier-neutral data center facilities across the United States, Europe, and Asia. This interconnected footprint of facilities delivers customers the flexibility and scale to match their specific IT needs for today and into the future. CyrusOne facilities are engineered to include the power-density infrastructure required to deliver excellent availability, including an architecture with the highest available power redundancy (2N).
Renowned for exceptional service, building enduring customer relationships, and high customer satisfaction levels, CyrusOne serves nine of the Fortune 20 and more than 175 of the Fortune 1000 among its more than 950 customers.
CyrusOne (NASDAQ: CONE) specializes in highly reliable enterprise-class, carrier-neutral data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for more than 950 customers, including nine of the Fortune 20 and more than 175 of the Fortune 1000 or equivalent-sized companies.
CyrusOne’s data center offerings provide the flexibility, reliability, and security that enterprise customers require, and are delivered through a tailored, customer-service-focused platform designed to foster long-term relationships. CyrusOne’s National IX platform provides robust connectivity options to drive revenue, reduce expenses, and improve service quality for enterprises, content, and telecommunications companies. CyrusOne is committed to full transparency in communication, management, and service delivery throughout its more than 30 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
This release contains forward-looking statements regarding future events and CyrusOne’s future results that are subject to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements, including statements relating to expansion plans in Phoenix and along the west coast. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which CyrusOne operates and the beliefs and assumptions of its management. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of CyrusOne’s future financial performance, its anticipated growth and trends in its businesses, and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause CyrusOne’s actual results to differ materially and adversely from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this release and those discussed in other documents CyrusOne files with the SEC. More information on potential risks and uncertainties is available in CyrusOne’s recent filings with the SEC, including CyrusOne’s Form 10-K report, Form 10-Q reports, and Form 8-K reports and its registration statement (No. 333-211114 on Form S-3). Actual results may differ materially and adversely from those expressed in any forward-looking statements. CyrusOne undertakes no obligation to revise or update any forward-looking statements for any reason.
David M. Baum