Next-Generation Data Center Project is Part of a Multi-Million Dollar Development Initiative
Austin, TX – FEBRUARY 1, 2011 – Data Foundry, a leading provider of wholesale and retail data center outsourcing, colocation and disaster recovery services, announces the selection of JPMorgan Chase Bank, N.A. (NYSE:JPM) as the sole lender for the company’s state-of-the-art, next-generation data center facility, Texas 1. With construction already underway, Texas 1 is part of a multi-million dollar, 40-acre, 100-megawatt data center development initiative, named the Data Ranch. The debt financing from Chase covers costs associated with the construction and completion of Phase 1 of the highly anticipated data center facility.
As a privately-held company, Data Foundry owners Carolyn Yokubaitis, Ron Yokubaitis, Jonah Yokubaitis and Edward Henigin have provided 100% of the equity financing and secured all commitment requirements for the funding. The first phase of the two-phase project includes 130,000 square feet of data center and worksite recovery space and is planned for completion in Q2 2011.
“We are constructing our master-planned data center campus in response to the growth of existing clients and to meet the demand of companies throughout the world that require secure and fully redundant colocation for their mission critical data,” states Carolyn Yokubaitis, Co-Founder and Co-CEO of Data Foundry. “After an extensive one year process to determine the optimal funding partner, Data Foundry chose Chase due to its phenomenal leadership in the financial sector, competitive pricing, and high quality of service. In addition, we are especially grateful for the dedication and expertise of the entire Austin Chase team, with particular recognition for Joe E. Holt.”
“This financing will enable Data Foundry to build a first-class facility that will allow for long-term growth and expansion,” said Gabe Terrazas, Senior Chase Banker in Austin serving as the primary relationship manager for Data Foundry.
Designed with redundancy at every level, Texas 1 offers a fully concurrent maintainable N+1 to 2N+1 design — features that are highly valued by enterprise companies and service providers to maintain mission critical operations. Its state-of-the-art flexible options can accommodate all sized configurations from single, caged cabinets to fully enclosed secure private data suites starting at 2,500 square feet.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
