Strong Leasing Boosts Shares of DuPont Fabros

Data Center Knowledge (Nov 2 2011) Construction , Cloud Computing

1. Hossein Fateh, the President and CEO of data center developer DuPont Fabros Technology, is very clear about the company’s priority. “Leasing continues to be our relentless focus,” said Fateh. That focus has helped DuPont Fabros (DFT) lease 125,716 square feet of data center space in the first nine months of 2011, equal to 23.6 megawatts of critical load and more than the company leased in all of 2010. That includes three new leases in its data center in Piscataway, New Jersey, totaling 2.2 megawatts of critical power. The New Jersey leases mean that DuPont Fabros’ huge NJ1 facility is now 34 percent leased, and will help further allay concerns that the New Jersey market is overbuilt, with too much vacant inventory of wholesale data center space. Digital Realty Trust, one of DFT’s primary competitors, reported this week that it had seen a rebound in demand ... (Read Full Article)

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