{"id":1004207296,"date":"2018-02-15T10:51:37","date_gmt":"2018-02-15T18:51:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207296"},"modified":"2021-05-15T00:43:36","modified_gmt":"2021-05-15T08:43:36","slug":"edgecore-forms-will-invest-2b-in-us-data-centers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/","title":{"rendered":"EdgeCore Forms, will Invest $2B in US Data Centers"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png\"><img decoding=\"async\" data-attachment-id=\"1004195331\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cyrusone-to-expand-dfw-presence\/cyrusone-data-center-in-dallas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png?w=800\" loading=\"lazy\" class=\"alignright size-medium wp-image-1004195331\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png\" alt=\"CyrusOne Data Center in Dallas\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>GIC, Mount Elbert Capital Partners and OPTrust have formed an investment vehicle, <a href=\"https:\/\/www.edgecore.com\/\" target=\"_blank\" rel=\"sponsored noopener\">EdgeCore<\/a> Internet Real Estate. The new company\u2019s goal will be to invest in and build a scalable data center platform in the U.S., across six key locations.<\/p>\n<p>Initial capitalization is set at more than $200 million of equity, in turn supporting approximately $2 billion in data center development and investment. EdgeCore acquired land in Mesa, Ariz., and will close soon on territories in the Dallas-Fort Worth and Reno, Nev., areas. By the end of the year, the company plans to buy additional land in Tier I markets, such as Silicon Valley, North Virginia or Chicago.<\/p>\n<h2>Big plans<\/h2>\n<p>Each campus will deliver between 100 and 200 megawatts upon full build-out. Construction is set to begin at all locations as soon as land deals close and initial deployments are slated for late 2018. GIC is acting as main anchor investor in EdgeCore Internet Real Estate, while Tom Ray will take the helm as CEO &amp; chairman at the company. He also holds the position of CEO at Mount Elbert Capital Partners.<\/p>\n<p>\u201c<em>We are excited to execute upon our shared vision of creating a scalable <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-over-half-of-worlds-data-center-revenue-come-from-20-metros\/\">North American data center<\/a> platform and we look forward to expanding with GIC and OPTrust as we work to grow EdgeCore Internet Real Estate beyond our initial roll-out,<\/em>\u201d said Ray in a prepared statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GIC will act as main anchor investor in EdgeCore Internet Real Estate. The company is targeting six key markets across the U.S. and plans to deploy the first facilities by the end of the year.<\/p>\n","protected":false},"author":1284,"featured_media":1004195331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21783,23891,21742],"tags":[39135,33650],"class_list":["post-1004207296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-investment","category-national","category-latest","tag-edgecore-internet-real-estate","tag-gic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EdgeCore Forms, will Invest $2B in US Data Centers - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EdgeCore Forms, will Invest $2B in US Data Centers\" \/>\n<meta property=\"og:description\" content=\"GIC will act as main anchor investor in EdgeCore Internet Real Estate. The company is targeting six key markets across the U.S. and plans to deploy the first facilities by the end of the year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-15T18:51:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T08:43:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/\",\"name\":\"EdgeCore Forms, will Invest $2B in US Data Centers - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png\",\"datePublished\":\"2018-02-15T18:51:37+00:00\",\"dateModified\":\"2021-05-15T08:43:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/CyrusOne-Data-Center-in-Dallas.png\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EdgeCore Forms, will Invest $2B in US Data Centers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EdgeCore Forms, will Invest $2B in US Data Centers - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/edgecore-forms-will-invest-2b-in-us-data-centers\/","og_locale":"en_US","og_type":"article","og_title":"EdgeCore Forms, will Invest $2B in US Data Centers","og_description":"GIC will act as main anchor investor in EdgeCore Internet Real Estate. 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