INAP Establishes Flagship Data Center in Phoenix Market

Internap Corporation (NASDAQ:INAP) announced that it is expanding its presence in Phoenix through a master lease for a Tier 3 design data center.

The company, a leading provider of high-performance data center services including colocation, cloud and network said that Phoenix is a booming, rapidly growing U.S. data center market.

As quoted in the press release:

Through this long-term lease, INAP expands its Phoenix footprint, adding approximately 200,000 gross square feet with up to 10 MW of highly redundant critical power capacity in the 4^th fastest growing net power absorption market.

“We are extremely excited to establish a flagship presence fully controlled by INAP, including Bank of America as the anchor tenant. This expansion adds much needed capacity in the vibrant and highly strategic Phoenix/Chandler market,” stated Corey J. Needles, INAP U.S. Sr. Vice President and General Manager. “This facility gives INAP a powerful competitive position within this market, requires no upfront cash investment, enabling us to light customers on day one to support growth, and is a great location that gives us options for potential consolidation of our currently 100% utilized Phoenix footprint. We expect increasing contribution from this key market going forward.”

The new Chandler data center offers some of the most robust security, electrical and mechanical infrastructure in the market today. Phoenix is a major destination for new investment and migration by companies, particularly from California, looking to improve their disaster recovery. The State of Arizona has also created a favorable tax environment specifically for data center operations through the use of tax incentives, which is drawing hyper-scalers to its major markets and benefits INAP in turn.

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