DuPont Fabros Technology, Inc. ACC6 Data Center is 100% Leased
WASHINGTON, Nov. 12, 2012
WASHINGTON, Nov. 12, 2012 /PRNewswire/ -- DuPont Fabros Technology, Inc.
(NYSE: DFT) announced today that the Company's ACC6 data center located in
Ashburn, Virginia is 100 percent leased. ACC6 is constructed in two phases
totaling 262,000 gross square feet, 130,000 raised square feet and 26
megawatts of critical load. Phase I was delivered in September 2011 and Phase
II is scheduled to open on January 1, 2013.
The Company recently executed a pre-lease in Phase II for 4.33 megawatts
filling the remaining vacancy in the building. This pre-lease is with an
existing tenant on our Ashburn campus. ACC6 Phase II is expected to have 67
percent of the megawatts commencing in the first quarter of 2013 with the
remaining 33 percent commencing in the third quarter of 2013. Upon the
opening of Phase II, ACC6 will have a total of six tenants with an average
weighted lease term remaining of 11.3 years and will achieve a 12 percent
unlevered GAAP return on invested capital, based on the terms of all the ACC6
"Demand for our data centers in Northern Virginia continues to be strong. We
expect that ACC6 Phase II will be delivered on time and budget, and it is now
100 percent pre-leased before opening," commented Hossein Fateh, President and
Chief Executive Officer of DuPont Fabros Technology, Inc. "We are pleased to
provide additional space to this tenant, while achieving our previously stated
target return on our invested capital for this property."
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (NYSE: DFT) is a leading owner, developer,
operator and manager of large multi-tenanted wholesale data centers. The
Company's facilities are designed to offer highly specialized, efficient,
carrier-neutral and safe computing environments in a low-cost operating
model. The Company's customers outsource their mission critical applications
and include national and international enterprises across numerous industries,
such as technology, Internet content providers, media, communications,
cloud-based, healthcare and financial services. The Company's ten data
centers are located in four major U.S. markets, which total 2.4 million gross
square feet and 205 megawatts of available critical load to power the servers
and computing equipment of its customers. DuPont Fabros Technology, Inc., a
real estate investment trust (REIT) is headquartered in Washington, DC. For
more information, please visit www.dft.com.
Certain statements contained in this press release may be deemed to be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The matters described in these forward-looking
statements include expectations regarding future events, results and trends
and are subject to known and unknown risks, uncertainties and other
unpredictable factors, many of which are beyond the company's control. The
company faces many risks that could cause its actual performance to differ
materially from the results contemplated by its forward-looking statements,
including, without limitation, the risks commonly associated with construction
and development of new facilities (including delays and/or cost increases
associated with the completion of new developments), and the risks associated
with the timing of the commencement of leases. The periodic reports that the
company files with the Securities and Exchange Commission, including its
annual report on Form 10-K for the year ended December 31, 2011 and its
quarterly reports on Form 10-Q for the quarters ended March 31, 2012, June 30,
2012 and September30, 2012, contain detailed descriptions of these and many
other risks to which the company is subject. These reports are available on
our website at www.dft.com. Because of the risks described above and other
unknown risks, the company's actual results, performance or achievements may
differ materially from the results, performance or achievements contemplated
by its forward-looking statements. The information set forth in this news
release represents management's expectations and intentions only as of the
date of this press release. The company assumes no responsibility to issue
updates to the contents of this press release.
SOURCE DuPont Fabros Technology, Inc.
Contact: Mark L. Wetzel, Executive Vice President, Chief Financial Officer and
Treasurer, +1-202-728-0033, email@example.com; or Christopher Warnke, Manager,
Investor Relations, +1-202-478-2330, firstname.lastname@example.org
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