Equinix buys Ashburn land for $34.5 million to expand local data center operation
The acquisition of the property will provide Equinix with room to build multiple new greenfield International Business Exchange™ (IBX®) data centers in this densely interconnected location, according to a new release. Equinix currently has 10 International Business Exchange (IBX) data centers covering more than 500,000 square feet in D.C metro area.
The four parcels of Ashburn land bought for $34.5 million -- proximate to the existing Equinix campus at the corner of Waxpool Road and Loudoun County Parkway -- are part of the company's overall strategy to buy land and buildings to increase ownership of Equinix assets, according to the company. Over the last four quarters, Equinix has purchased land to expand its key campuses in Ashburn, Silicon Valley and Chicago. It has also bought data center buildings in Amsterdam, Paris and Rio de Janerio.
"The increasing pace of the shift to digital is having a significant impact on global businesses, pushing their IT operations closer to the digital edge where their customers, partners and employees are located,” Karl Strohmeyer, Equinix Americas president, said in a statement.
“The acquisition of this property will enable Equinix to accommodate the growing number of global companies that are solving the digital edge through interconnection with the robust ecosystem of strategic business partners located at Equinix's Ashburn campus,” Strohmeyer added.
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