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COPT Data Center Solutions News
Corporate Office Properties Trust (NYSE: OFC) announces the formation of GI-COPT DC Partnership LLC, a 50/50 joint venture with an affiliate of GI Partners, a leadingprivate investment firm.
The venture acquired six of COPT’s existing, single-tenant, data center properties that contain a total of 962,000 square feet. The unconsolidated venture raised $60 million of 10-year mortgages that bear interest at 3.4% to finance approximately 40% of the value of the properties. GI Partners’ affiliate purchased its interest in the venture for approximately $44 million. COPT realized $104 million in proceeds from these transactions.
Corporate Office Properties Trust (NYSE: OFC) is pleased to announce that our COPT DC-6 data center in Manassas VA, has once again received SOC 3 certification for both the Security and Availability principles based on American Institute of Certified Public Accountants' ("AICPA") and Canadian Institute of Chartered Accountants
("CICA") Applicable Trust Services Criteria set forth in TSP section 100, Trust Services Principles, Criteria, and Illustrations for Security, Availability, Processing Integrity, Confidentiality, and Privacy. This certification demonstrates DC-6's high level of operation and assists our tenants in their efforts to have solutions hosted at DC-6 accredited by both commercial and government entities.
COPT DC-6 has 9 operational MWs out of a total potential capacity of 18 MWs. With this 2 MW commitment, 6.3 MWs of the data center’s 9 operating MWs are committed, which increases the percentage leased from 48% at June 30, 2013 to 70%.
COPT DC-6, which is COPT Data Center Solutions'
state of the art facility in Manassas, VA, received a SOC3 attestation stating that it has met
criteria for both security and availability. A SOC
3 report provides an auditor’s statement certifying that the system has achieved trust services
criteria outlined for one or more principles, including security, availability, processing integrity,
confidentiality and privacy. Data center facilities are evaluated to demonstrate that proper controls
are in place to achieve security and availability.
COPT DC-6 data center recently supported a successful PCI application by one of its tenants. PCI DSS (Payment Card Industry Data Security Standard) compliance involves following certain procedural and physical security standards that protect payment card data.
The tenant has an initial commitment of one MW,
plus opportunities for expansion. With this one MW commitment, four of the data center’s 18 potential MWs
are committed, which increases the percentage leased from 17% at June 30, 2012 to 22%.
"We are pleased to complete this new lease at COPT DC-6," commented Roger A. Waesche, Jr., President & Chief Executive Officer of COPT, "and believe it validates the re-branding and marketing efforts recently launched with respect to the asset."
Why COPT DC-6? The 233,000 square foot wholesale data center is COPT’s sixth purpose-built data facility and part of COPT’s portfolio of two million square feet of data center and related support space. These facilities are managed by a seasoned, credentialed operations team employed by COPT, and backed by the resources of the $4 billion REIT.
LEED is the nation’s preeminent program for the design, construction and operation
of high performance green buildings, established by the U.S. Green Building Council
and verified by the Green Building Certification Institute (GBCI). For information
on the U.S. Green Building Council, please visit usgbc.org.
This particular award is unusual in that it applied to the entire development life cycle, from initial land improvements and shell building construction, up to and through the installation and operation of the facilities entire mechanical and electrical power plants. Through the process, the US Green Building Council assessed what materials were used, how they were sourced and the resulting sustainable benefits on power and water utilization improvements. In the case of Power Loft, the green design attributes with the greatest impact included:
- Highly scalable electrical systems that use 70% less power than peer equivalent
- A central chilled water plant using heat plate exchangers coupled with a building design for optimal air-side economization.
- 85% of construction waste was diverted from the landfill
- 13% of the total building materials content was manufactured using recycled materials
- Drought resistant landscaping, coupled with a Green screen building exterior and reflective roof
COPT is committed to Green design, particularly when it saves its tenants money while contributing to the health of the community through reduced greenhouse gas emissions.