CyrusOne Reports Record 2015, Plans Big New Jersey Expansion
Summary
CyrusOne (CONE) crushed results across the board during 2015, including record leasing of 30MW across more than 200,000 square feet of data center space in the fourth quarter alone. It has evolved from a Texas-based data center landlord for the energy sector to add financial firms, connectivity, and large cloud providers to the mix. Last year CyrusOne closed its $400 million acquisition of Cervalis, a colocation and disaster recovery data center provider with extensive operations in the New York market. DuPont Fabros is changing its business strategy, which is now radically different from CyrusOnes, and its execs say New Jersey just isnt a good fit for its new pure-play wholesale data center focus. CyrusOne has development projects underway in Dallas, San Antonio, Houston, Phoenix, and Northern Virginia that will add approximately 355,000 square feet of data center space total.