Storage and information management services company Iron Mountain announced its new FRA-1 data center located in Frankfurt, Germany. The company signed a 27-megawatt data center lease with a U.S.-based Fortune 100 customer. The customer will lease the entire 27-megawatt turn-key data center. The initial 9 megawatts of power capacity to be taken upon lease commencement. The customer is committed to scaling to the full 27 megawatts of power capacity within five years.
280,000 square feet, 27 MW
According to the announcement, the customer is committed to scaling to the full 27 megawatts of power capacity within five years. The lease is expected to start in the second quarter of 2021 and an initial term of ten years, with renewal options. Iron Mountain pre-leased approximately 280,000 square feet of its FRA-1 data center that is currently under construction.
The project is being developed in 3 phases. Each phase of the project is 9 MW, and the first phase is expected to be completed in the second quarter of 2021. Mark Kidd, Executive Vice President and General Manager of Data Centers at Iron Mountain said,
“We’re very pleased to have executed this pre-lease at our new FRA-1 data center. As we continue to focus on building out our platform with ground-up developments in Frankfurt and Northern Virginia, and expansions at existing data centers in Amsterdam, London, New Jersey, Northern Virginia, and Singapore, we will continue to identify the right hyper-scale opportunities that enhance our strong core enterprise retail colocation ecosystem.”
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