Post by gutset on Dec 22, 2017 20:10:38 GMT
I think INAP will be around 22 after the 4th quarter earnings are reported.
INAP Upgrades Data Center Portfolio in Atlanta Market to Prepare for Growth
8:00 AM ET, 12/13/2017 - GlobeNewswire
Signs New Lease with Lincoln Rackhouse in Perimeter Data Center Containing Anchor Tenant
Commenced Exit of Existing Atlanta Corporate Offices and another Non-Core Data Center
Will Consolidate into Two Strategic Atlanta Footprints: Williams Street Data Center and New Perimeter Facility
ATLANTA and DALLAS, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Internap Corporation (NASDAQ:INAP), a provider of high-performance internet infrastructure services, is significantly expanding its presence in Atlanta, a top-10 U.S. market, through a master lease for a Tier 3-like data center located at 40 Perimeter Center East from Lincoln Rackhouse, the data center division of Lincoln Property Company. A joint venture partnership between Bailard, Inc. and Lincoln Rackhouse acquired the property earlier this year, and The Coca Cola Company remains the majority tenant. Through this long-term lease, INAP adds a new Atlanta facility with 4.8 MW of critical power capacity. INAP plans to exit another non-core data center in downtown Atlanta, and consolidate customers into both its primary downtown Williams Street Tier 3-like data center and this new high-end enterprise facility with Lincoln Rackhouse.
“Atlanta is a key metro market with growing demand, and a real focus for upgrade and investment by our team. This new agreement provides immediate access to numerous enterprise deals in the region,” stated Corey J. Needles, INAP COLO's SVP and General Manager. “We plan to offer INAP’s full suite of cloud, managed hosting and managed service offerings. Today, we operate our primary Williams Street data center, and another non-core site. By eliminating the non-core site, and adding this new Lincoln Rackhouse property, we gain more quality control over our environment, which bodes well for our customers. One facility will be downtown, and the other with this deal, will be in the suburbs in Perimeter. Having these two strategic locations will give our customers great options in the years to come.”
The metro Atlanta data center market is dominated by suppliers based in either downtown or the northern suburbs. This new INAP facility sits between these locations in the fastest growing area within the Atlanta market with many large corporations expanding or relocating their headquarters nearby. In addition, INAP’s AgileCLOUD and AgileSERVER platforms combined with highly-scalable managed services and hosting will bring valuable opportunities to the enterprise-dense location. The addition of this site to INAP’s portfolio of hosting-enabled locations allows INAP to continue to support its customer’s complex IT environments and disaster recovery needs.
The new Atlanta facility is part of INAP’s initiatives to rationalize corporate assets and to improve profitability. One of the key benefits with this deal is that INAP will now be able to exit approximately 50,000 square feet of office space at 1 Ravinia Drive in Atlanta, and relocate employees to new state of the art office space within its existing data center at 250 Williams Street in downtown Atlanta as well as the new facility at the Perimeter Center East campus. With these changes, INAP’s Atlanta employees will be located within admin space of the Company’s data centers to be closer to its customers and operations. The location of the new Perimeter Center campus now enables INAP to exit from a non-core lease from another data center provider in the downtown Atlanta area.
“This agreement fits precisely within Bailard’s and Lincoln’s strategy to own quality data center real estate and then partner with respected operator groups such as INAP,” said Ryan Sullivan, Managing Director, Lincoln Rackhouse. “INAP brings strong brand recognition for its expertise, excellent customer service and a lengthening record of impressive accomplishment. We want to be part of INAP’s future data center strategy and look forward to this being the first deal in a partnership that is promising for Lincoln Rackhouse, for INAP and for INAP’s customers.”
INAP Upgrades Data Center Portfolio in Atlanta Market to Prepare for Growth
8:00 AM ET, 12/13/2017 - GlobeNewswire
Signs New Lease with Lincoln Rackhouse in Perimeter Data Center Containing Anchor Tenant
Commenced Exit of Existing Atlanta Corporate Offices and another Non-Core Data Center
Will Consolidate into Two Strategic Atlanta Footprints: Williams Street Data Center and New Perimeter Facility
ATLANTA and DALLAS, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Internap Corporation (NASDAQ:INAP), a provider of high-performance internet infrastructure services, is significantly expanding its presence in Atlanta, a top-10 U.S. market, through a master lease for a Tier 3-like data center located at 40 Perimeter Center East from Lincoln Rackhouse, the data center division of Lincoln Property Company. A joint venture partnership between Bailard, Inc. and Lincoln Rackhouse acquired the property earlier this year, and The Coca Cola Company remains the majority tenant. Through this long-term lease, INAP adds a new Atlanta facility with 4.8 MW of critical power capacity. INAP plans to exit another non-core data center in downtown Atlanta, and consolidate customers into both its primary downtown Williams Street Tier 3-like data center and this new high-end enterprise facility with Lincoln Rackhouse.
“Atlanta is a key metro market with growing demand, and a real focus for upgrade and investment by our team. This new agreement provides immediate access to numerous enterprise deals in the region,” stated Corey J. Needles, INAP COLO's SVP and General Manager. “We plan to offer INAP’s full suite of cloud, managed hosting and managed service offerings. Today, we operate our primary Williams Street data center, and another non-core site. By eliminating the non-core site, and adding this new Lincoln Rackhouse property, we gain more quality control over our environment, which bodes well for our customers. One facility will be downtown, and the other with this deal, will be in the suburbs in Perimeter. Having these two strategic locations will give our customers great options in the years to come.”
The metro Atlanta data center market is dominated by suppliers based in either downtown or the northern suburbs. This new INAP facility sits between these locations in the fastest growing area within the Atlanta market with many large corporations expanding or relocating their headquarters nearby. In addition, INAP’s AgileCLOUD and AgileSERVER platforms combined with highly-scalable managed services and hosting will bring valuable opportunities to the enterprise-dense location. The addition of this site to INAP’s portfolio of hosting-enabled locations allows INAP to continue to support its customer’s complex IT environments and disaster recovery needs.
The new Atlanta facility is part of INAP’s initiatives to rationalize corporate assets and to improve profitability. One of the key benefits with this deal is that INAP will now be able to exit approximately 50,000 square feet of office space at 1 Ravinia Drive in Atlanta, and relocate employees to new state of the art office space within its existing data center at 250 Williams Street in downtown Atlanta as well as the new facility at the Perimeter Center East campus. With these changes, INAP’s Atlanta employees will be located within admin space of the Company’s data centers to be closer to its customers and operations. The location of the new Perimeter Center campus now enables INAP to exit from a non-core lease from another data center provider in the downtown Atlanta area.
“This agreement fits precisely within Bailard’s and Lincoln’s strategy to own quality data center real estate and then partner with respected operator groups such as INAP,” said Ryan Sullivan, Managing Director, Lincoln Rackhouse. “INAP brings strong brand recognition for its expertise, excellent customer service and a lengthening record of impressive accomplishment. We want to be part of INAP’s future data center strategy and look forward to this being the first deal in a partnership that is promising for Lincoln Rackhouse, for INAP and for INAP’s customers.”