CyrusOne Pre-Leases Large Portion Of N. Virginia Data Center

CyrusOne has pre-sold a third of the first phase of its upcoming Northern Virginia data center. An undisclosed Fortune 50 has pre-leased 12,000 square feet of colocation space with first right of refusal for another 9,000.

CyrusOne broke ground in the very busy Northern Virginia market last April. This is the first pre-sold space in the upcoming mega-campus. At full build, the 14-acre site will accommodate a shell of approximately 400,000 square feet, with up to 240,000 square feet of colocation space.

The first phase will consist of 30,000 square feet with up to 12 megawatts of critical load in a 125,000-square-foot building.

Northern Virginia is set to overtake New York as the largest data center market by 2015. With over 5 million square feet of space and over 3 million in development, there was some question as to whether or not demand could sustain the immense amount of capacity set to come online in the coming years. So far it has been selling like hot cakes.

This bodes particularly well for CyrusOne, who is a new entrant to the Northern Virginia market. All of the established players have reported strong sales, and CyrusOne is strong out of the gate. The company is able to tap an already sizable customer base for the Northern Virginia offering.

“This is a current tenant in one of our other data center facilities that appreciates the scalability and flexibility we can deliver, and has chosen to expand their footprint with us in Northern Virginia,” said Tesh Durvasula, chief commercial officer, CyrusOne. "CyrusOne’s scalable Massively Modular engineering design approach, with its ability to support future infrastructure growth, as well as our exceptional service delivery levels were key contributors to the decision.”

This is the second sizable deal in the market in the past few days. Dupont Fabros revealed an existing customer subleased the 13 megawatts of capacity vacated by Yahoo at its ACC4 data center in Ashburn, Virginia.

RagingWire also has an upcoming Northern Virginia data center and has announced a strong sales pipeline. The Equinix campus does extremely well, known for its connectivity and noting private links as its fastest growing business segment. CoreSite expressed a lot of optimism in the market ahead of opening its second facility.