Data Center: Strong Leasing Continues for DuPont Fabros
What a difference a year makes. As 2008 drew to a close, DuPont Fabros Technology was struggling. Facing the brutal headwinds of the credit crisis, the data center REIT’s stock had slipped to an all-time low of less than $2 a share after the company halted three development projects amid financing challenges.
Twelve months later, even as the economy continues to struggle, the outlook for DuPont Fabros has been transformed. In 2009 the company has signed 12 leases representing more than $700 million in contract value, gaining commitments for more than 187,000 square feet of data center space. In the third quarter DuPont Fabros opened the doors for first phase of ACC5, one of the projects that had been mothballed last November.
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by Rich Miller for Data Center Knowledge
