Sep 19, 2006 : Equinix Announces Expansion Details

📅 September 19, 2006 - Data center operator Equinix (equinix.com) announced on Monday additional details for the company's Internet Business Exchange center expansions in the Chicago, Washington, DC and New York markets.


The first phase of build outs for these three expansions, will increase the company's sellable cabinet capacity by approximately 20 percent, increasing the company's global footprint to 37,000 sellable cabinets.

Equinix intends to develop the new Chicago site in multiple phases with over twice the power and cooling specifications of its original design. The first phase is expected to have approximately 2,500 cabinets and the company expects to open the center in the third quarter of 2007. Equinix is also increasing the existing mortgage on its Washington, DC area campus from $60 million to $100 million on what are expected to be the same terms as the current loan.

The Washington, DC area campus is located in the Dulles Corridor and is home to many of the region's technology companies. For the New York area expansion, Equinix has completed the negotiation of terms for its previously announced location for the build out of the company's third IBX center in the region and has secured a long-term lease for the property. The approximately 340,000 square foot building shell is located in close proximity to Equinix's existing IBX center in Secaucus, New Jersey.

"The financing agreements announced today provide Equinix with attractive financing terms for maximum flexibility in managing our expansion plans without dilution to our shareholders," says Peter Van Camp, CEO of Equinix.  "These three new centers complete our current efforts to secure long-term expansion platforms for contiguous growth in our key markets.  The first phase of build outs, available in 2007, will accommodate the robust customer demand we continue to experience and solidify our position as the leading provider of collocation and network exchange services."