WASHINGTON, Jan. 04, 2017 (GLOBE NEWSWIRE) -- DuPont Fabros Technology Inc. (DFT), a leading, owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenant wholesale data centers, today announced that the Company commenced development of its CH3 data center located in Elk Grove Village, IL. Phase I will provide 12.8 megawatts (MW) of available critical load and is expected to be delivered during the first quarter of 2018. At completion, CH3 will be comprised of 25.6 MW of available critical load, 305,000 gross square feet, and 160,000 computer room square feet (CRSF).
“We believe demand in the Chicago market remains strong,” said Christopher P. Eldredge, President and Chief Executive Officer of DFT. “Commencing the development of CH3 will provide DFT valuable inventory allowing us to compete for an attractive pipeline of opportunities in the Chicago market.”
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (DFT) is a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenant wholesale data centers. The Company’s facilities are designed to offer highly specialized, efficient, 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 11 data centers are located in three major U.S. markets, which total 3.3 million gross square feet and 287 megawatts of available critical load to power the servers and computing equipment of its customers. The Company is in the process of expanding into two new markets. DuPont Fabros Technology is a real estate investment trust (REIT) headquartered in Washington, D.C. 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, including statements regarding the Chicago market and the Company’s opportunities in that market. We face many risks that could cause our actual performance to differ materially from the results contemplated by our forward-looking statements, including, without limitation, the risks related to the leasing of available space to third-party customers, including delays in executing new leases, failure to negotiate leases on terms that will enable us to achieve our expected returns and declines in rental rates at new and existing facilities, and the risks commonly associated with the construction and development of new facilities (including delays and/or cost increases associated with the completion of new developments), risks relating to obtaining required permits and compliance with permitting, zoning, land-use and environmental requirements. The periodic reports that we file with the Securities and Exchange Commission, including the annual report on Form 10-K for the year ended December 31, 2015 and the quarterly reports for the quarters ended March 31, 2016, June 30, 2016 and September 30, 2016, contain detailed descriptions of these and many other risks to which we are subject. These reports are available on our website at www.dft.com. Because of the risks described above and other unknown risks, our actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by our forward-looking statements. The information set forth in this news release represents our expectations and intentions only as of the date of this press release. We assume no responsibility to issue updates to the contents of this press release.