DuPont Fabros Technology, Inc. Announces 100 Percent Lease-Up of ACC4 Data Center
* Reuters is not responsible for the content in this press release.
DuPont Fabros Technology, Inc. Announces 100 Percent Lease-Up of ACC4 Data Center Provides Leasing Update on Chicago Asset WASHINGTON, March 30 /PRNewswire-FirstCall/ -- DuPont Fabros Technology, Inc. (NYSE: DFT) today announced that the Company's ACC4 data center in Ashburn, Virginia is 100 percent leased. ACC4 was completed in the fourth quarter of 2007 and is comprised of two phases of 18.2 megawatts (MW) of critical load for a total of 36.4 MW of critical load. The Company recently executed leases totaling 2.275 MW of critical load with two Fortune 500 companies, one of which possesses a Standard and Poors (S&P) rating of A/A-1, to complete the lease-up of ACC4. The Company also announced that it has executed a lease with a new tenant at its CH1 facility in metropolitan Chicago, Illinois comprising 1.3 MW of critical load. The enterprise tenant has an S&P credit rating of A/A-1. CH1 Phase I was completed in the third quarter of 2008 and has 18.2 MW of critical load available to tenants. Phase I of the facility is now 17 percent leased. Hossein Fateh, President and Chief Executive Officer of DuPont Fabros Technology, Inc., said, "We are pleased that our prototype ACC4 asset is 100 percent leased and that CH1 continues to gain traction. With the execution of these three leases, totaling 3.575 MW of critical load, we not only are diversifying our tenant base but building valuable relationships with high caliber businesses, which should position us well for future growth." About DuPont Fabros Technology, Inc. DuPont Fabros Technology, Inc. (NYSE: DFT) is a real estate investment trust (REIT) and leading owner, developer, operator and manager of wholesale data centers. The Company's data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology, Inc. is headquartered in Washington, DC. For more information please visit www.dft.com. SOURCE DuPont Fabros Technology, Inc. Investor/Media Inquiries, Victoria Baker, +1-703-796-1798, vbaker@mww.com, for DuPont Fabros Technology, Inc.
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters