VA: Iron Mountain to Develop $350M Data Center in Prince William County
9 Mar, 2016
The Prince William Board of County Supervisors is pleased to announce Iron Mountain Information Management, LLC, a subsidiary of Iron Mountain, Incorporated, the data storage and information management company, is planning to make significant investments and create highly skilled jobs in Prince William County with the development of a new data center campus. Over a period of several years, Iron Mountain and its partners will develop $350 million in state-of-the-art data center facilities for customers in corporate enterprise, government and technology, and create 25 new jobs.
Iron Mountain, a Fortune 1000 company, will be a new data center company to Prince William County, which will not only further diversify and expand the data center colocation market in the County, but in the broader Mid-Atlantic region. This project allows Iron Mountain Data Centers to enter the Greater Washington metropolitan area from a strategic location with robust power and fiber infrastructure and unique site features that will accommodate highly secure data center applications.
Speaking about today’s announcement, Governor McAuliffe said, “We are delighted to welcome Iron Mountain’s first Virginia data center to Prince William County. This latest investment signifies the Commonwealth’s strength in the information technology market; making a further expansion in our high-tech footprint and our ongoing success in building a new Virginia economy.”
“We’re delighted to welcome Iron Mountain to Prince William County and to our growing Information Technology-based business community,” said Corey A. Stewart, Chairman, Prince William Board of County Supervisors. “We are continuing to grow these highly skilled job opportunities by attracting global companies that recognize the full advantages of the County’s strategic location and lowest competitive costs in the Greater Washington metropolitan area.”
“The addition of 25 new highly skilled jobs and the projection of a further 25 tenant positions, all at an average salary of $100,000 a year, is another example of the type of jobs we are attracting in Prince William County,” added Stewart.
“We explored several U.S. locations for this expansion and Prince William County was a clear forerunner,” said Mark Kidd, Iron Mountain Senior Vice President and General Manager, Data Centers. “Northern Virginia is an important national market for data centers and our customers are excited that Iron Mountain’s highly secure and reliable product will be available here. Prince William County is a great fit for us with our focus on security, compliance, efficiency and reliability.”
The Board of County Supervisors approved an agreement between Iron Mountain Information Management, LLC and the Industrial Development Authority (IDA) of Prince William County and agreed to assign $500,000 in water and sewer availability fee credits to the IDA, as an incentive for the project.
Prince William County was selected above other national and regional jurisdictions due to the availability of large industrial zoned sites and abundant fiber and power. Iron Mountain Information Management, LLC, intends to establish its data center campus on 83 acres at 11650 Hayden Road, Manassas, VA 20109. The campus will be built in phases and is currently planned for three buildings totaling 375,000 square feet, with future growth capacity. The site is a short distance from a new power substation and switching station, allowing for underground power distribution. This creates an additional layer of security for tenants while creating a more aesthetically pleasing environment. Iron Mountain intends to open the first building on the campus in spring 2017.
The need for advanced technologies to increase productivity, to manage and store data and to enhance security has created significant market demand for stable and innovative Information Technology (IT) companies. According to a recent study by JLL, Northern Virginia is the biggest multi-tenant data center market in the country. Prince William County is well-positioned to take advantage of the expansion of the IT industry due to its ability to expedite mission-critical and time-to-market requirements that provides international and national enterprises significant competitive advantages.
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About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage and information management services. The company’s real estate network of more than 69 million square feet across more than 1,100 facilities in 37 countries allows it to serve customers around the world. And its solutions for records management, data management, document management, and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including business documents, backup tapes, electronic files and medical data. Visit: www.ironmountain.com for more information.
About Prince William County
· Located less than 20 miles from the nation’s capital, Prince William County encompasses a total area of 348 square miles.
· Prince William County is the second largest and fourth fastest growing county in the Commonwealth of Virginia.
· Prince William County’s favorable blend of large land parcels, multi-use zoned sites, incentives, reliable power and ample fiber optic availability coupled with the lowest programmable computer taxes in the region, make it an ideal location for businesses seeking a location in the Mid-Atlantic region.
· 75% of Northern Virginia’s 1.5 million workers live within a 30 minute one-way commute to the center of Prince William County during rush hour.
· Prince William County provides access to an outstanding talent pool of highly-skilled, culturally diverse labor; 42% of the workforce has 4-year degrees.
· Prince William County carries a AAA bond rating from all three of the major credit ratings agencies (Fitch, Moody’s and S&P).