The Research Triangle Park

The future of great ideas

Research Triangle Park News

Compass Datacenters Buys Land in RTP, Nashville Markets

9/11/2012

ARTICLE by Data Center Knowledge


Compass Datacenters has completed the acquisition of real estate parcels for its first two data center campuses, one in Research Triangle Park in Durham, North Carolina and another in Franklin, Tennessee, a suburb of Nashville.

Compass just lined up a $45 million credit facility from KeyBank, and will use the money to finance an "aggressive" growth plan to build wholesale data centers in second-tier markets. The company says it has been scouting cities with successful colocation and managed hosting providers.

Research Triangle Park is an active market for technology firms and home to major data centers for companies including IBM, Cisco, EMC and NetApp. The property in Durham is a 16.5 acre parcel of land, where Compass has received approval to develop three 1.2 megawatt data centers on the site.

Franklin is a town of 60,000 about 20 miles The property in Franklin is an undeveloped 14.6 acre parcel of land, where Compass has planning approval from local authorities to develop five 1.2 megawatt data centers.

"These real estate acquisitions are a major milestone for Compass Datacenters," said Chris Crosby, Founder and CEO of Compass Datacenters. "These properties will be the site of our first data center campuses, and they are ideally situated to serve markets where there is significant unmet demand for the wholesale data center solutions we offer.

"Nashville and Research Triangle Park are perfect examples of emerging data center markets that are under-served by traditional wholesale providers," Crosby added. "These markets are populated by fast-growing companies whose IT needs align perfectly with our standalone data center product, and we are having productive dialogues with potential customers that are excited about how we can provide a 'no compromises' solution to their data center challenges." 

******************

PRESS RELEASE by Compass Datacenters


Dallas – September 10, 2012 – Compass Datacenters has completed the acquisition of two real estate parcels in Franklin, Tennessee and Research Triangle Park in Durham, North Carolina that will serve as the campuses for its first two data center complexes. The campuses will feature a total of eight wholesale standalone data center facilities when development is completed:

  • The property in Franklin is an undeveloped 14.6 acre parcel of land. Compass has received planning approval from local authorities to develop a total of five 1.2 MW data centers on the site.
  • The property in Durham is a 16.5 acre parcel of land. Compass has received planning approval from local authorities to develop a total of three 1.2 MW data centers on the site.

“These real estate acquisitions are a major milestone for Compass Datacenters. These properties will be the site of our first data center campuses, and they are ideally situated to serve markets where there is significant unmet demand for the wholesale data center solutions we offer,” said Chris Crosby, Founder and CEO of Compass Datacenters. “Nashville and Research Triangle Park are perfect examples of emerging data center markets that are under-served by traditional wholesale providers. These markets are populated by fast-growing companies whose IT needs align perfectly with our standalone data center product, and we are having productive dialogues with potential customers that are excited about how we can provide a ‘no compromises’ solution to their data center challenges.”


About Compass Datacenters

Compass Datacenters builds and operates standalone data centers using its patent-pending Truly Modular™ Architecture, which provide customers with dedicated wholesale solutions where they need them. The innovative design of its facilities make it possible for Compass Datacenters to deliver state-of-the-art solutions for customers anywhere in the United States, serving the vast majority of companies that are not located in the few markets where geographically-constrained data center facilities are currently concentrated. For more information, visit www.compassdatacenters.com.


Media Contact

Rich Miller
Compass Datacenters
Phone: 503-344-6541
Email: rmiller@compassdatacenters.com