Iron Mountain Breaks Ground On A $430 Million Data Center
The @IronMountain Inc. data storage facility in Boyers, Pennsylvania, located in a former limestone mine, stores 200 acres of physical data for many clients, including the federal government. (Photographer: Stephanie Strasburg/Bloomberg) The new 550,000-square-foot, three-story, 48-megawatt multi-tenant facility will double the size of the existing adjacent campus, which was formerly the flagship location of IO Data Centers. Iron Mountain acquired the existing 38-megawatt data center and the adjacent land parcel when it purchased the U.S. operations of Phoenix-based IO Data Centers LLC for $1.34 billion in January 2018. The new facility, at the northeast corner of 48th and Van Buren streets, will be built in two phases over five years. The first phase, which will add 24 megawatts of capacity, is scheduled to open in June 2019. IO Data Centers bought the nine-acre parcel in 2016 for $8.55 million, intending to expand its Phoenix campus over the next six to eight years. Planning and approvals for the site were complete prior to IO’s acquisition by Iron Mountain, according to Data Center Frontier. As the largest provider of data center services in the Phoenix market, IO Data Centers developed an impressive customer base, including enterprise customers in finance, aerospace and technology. With its acquisition of IO, Iron Mountain gained four data centers—two in Arizona, one in New Jersey and one in Ohio—with a combined total of 728,000 square feet and 62 megawatts of capacity. The company already owned six data centers in Boston, Denver, Kansas, Pennsylvania and Virginia. Inside the Home Box Office Inc. (HBO) vault at the Iron Mountain Inc. data storage facility in Boyers, Pennsylvania. (Photographer: Stephanie Strasburg/Bloomberg) Originally founded in 1951, Boston-headquartered Iron Mountain now owns more than 85 million square feet of real estate in 53 countries. Its 1,400-plus facilities serve more than 230,000 organizations around the world. The company’s total data center portfolio potential represents more than 285 megawatts. And the expansion continues. Iron Mountain has been both building and buying additional capacity in multiple key markets. It entered the Croatian market with its June 2017 purchase of Zagreb-based Arhiv Trezor, a provider of secure records management, destruction and transportation. The next month, Iron Mountain acquired Denver-based FORTRUST for $128 million, gaining a 210,000-square-foot data center in that city.