Benzinga | Dec 6, 2021 04:09PM EST

Iron Mountain Signs 20 Megawatt Lease With Fortune 100 Customer In Northern Virginia, VA-2, Data Center

Iron Mountain Incorporated (NYSE:IRM), the global leader in innovative storage and information management services, announced today that it has signed a 20 megawatt multi-year lease with an existing U.S. based Fortune 100 customer in its VA-2 data center in Manassas, Virginia. The lease is expected to commence in phases from mid-2022 through mid-2023. Based on current design plans, together with this lease, Iron Mountain now expects the VA-2 facility to support 36 megawatts, up from 30 megawatts previously.

Iron Mountain has now signed new and expansion leases of approximately 44 megawatts year to date, significantly exceeding its previous target of at least 30 megawatts for the full-year 2021.

"We continue to see strong demand for comprehensive data center solutions from our existing customer base," said Mark Kidd, Executive Vice President and General Manager Iron Mountain Data Centers. "This 20 megawatt lease is indicative of our continued ability to support that demand and it reflects our commitment to strategically partner with our customers to meet their individual requirements."

Iron Mountain's data center solutions met all of the customer's requirements, including scalable capacity, network proximity to other deployments, and a design that provides flexibility and reliability. The highly secure facility offers customers access to reliable and energy efficient capacity in the heart of the world's largest data center and network ecosystem.

"Partnering with our customers in order to meet their individual needs is a key part of our core values and necessary to keep pace with our collective growth strategies," stated Dottie Spruce, Head of Global Accounts, Iron Mountain Data Centers. "Offering a varied capacity portfolio enables us to meet the demands of both our retail customers as well as our hyperscale clients. The balance also enables us to effectively manage lease commencement dates and backlog revenue to manage our future growth."

For more information on Iron Mountain Data Centers, visit https://www.ironmountain.com/data-centers.