Big Lease for Atlanta Facility
Sprint takes 100,000 s.f. in MetroNexus/Core Location center

April 23, 2001 -- Carrier hotel developers MetroNexus and Core Location said today that Sprint has signed a lease for 100,000 square feet at Metro Technology Center Atlanta (MTCA), a joint venture that is one of the city's largest Internet facilities.
Sprint will locate its Atlanta E-Solutions Internet Center, one of 18 it plans to open nationwide in the next two years, in the MTCA, a carrier hotel in Midtown Atlanta.
The lease is the largest telecommunications/data center transaction in Atlanta signed during the past six months, according to MetroNexus.
"With nearly one million square feet of highly secure, pre-engineered space available to house advanced telecommunications and data operations, we were able to offer Sprint what it needed,'' said Michael Jacoby, President of Core Location. "The building is one of the largest dedicated carrier-neutral telecom and colocation properties in the southeastern United States.
"We are also part of the most stable power grid in the United States and can offer tenants significant energy savings because of our unique agreement with Georgia Power,'' Jacoby added.
Under the terms of this agreement, MetroNexus and Core Location built a 120 mVA (megavolt amperes) substation onsite, which will be deeded to Georgia Power and connected to the utility's grid. Internet and telecommunications tenants will be able to draw up to 100 watts per square foot of electricity to power and cool their electronic equipment.
The MTCA building, located at 1033 Jefferson Street, was constructed by Sears in 1954 as the company's southeast distribution center. An $80 million capital investment has transformed the former ``Space Center,'' used by the 1996 Summer Olympics to store equipment, into a mission-critical facility.
Sprint is a large carrier of Internet traffic and a leader in broadband communications, with $23 billion in annual revenues and more than 23 million business and residential customers.
MetroNexus, a Morgan Stanley Real Estate Funds Enterprise headquartered in New York, focuses on the acquisition, development, leasing and management of carrier- neutral telecom hotels in North America and Europe.
Core Location LLC was established in March 1999 by Digex founder Doug Humphrey, and commercial real estate professionals Michael Jacoby, Mark Ezra and Fred Ezra. Based in Bethesda, Maryland, outside the nation's capital, Core location has created a model for the large-scale carrier-neutral collocation facilities.