April 15, 2003 --Kilroy Realty Corporation, an REIT headquartered in Los Angeles, has begun marketing Kilroy Data Center, a former AboveNet facility located in nearby El Segundo, Calif.
The 131,000 square foot facility was built by AboveNet, which initially leased the site from Kilroy Realty and invested $70 million to outfit it as a web hosting center.
AboveNet rejected the lease for the El Segundo building after its parent company, Metromedia Fiber Network, filed for Chapter 11 bankruptcy protection last May. Kilroy paid MFN $325,000 to acquire some of the equipment, and found itself with a world-class data center.
Kilroy is now targeting enterprise tenants for the site at 2260 East El Segundo Blvd.
"Kilroy Data Center appeals to large companies seeking a data center site to house critical IT operations, or government organizations needing a facility to house its emergency operations or disaster recovery command center," said Jason L. Warner, director, Cushman & Wakefield, which is marketing the site for Kilroy. "The facility offers a complete, end-to-end solution with plug-n-play infrastructure to complement a companies¹ existing infrastructure."
"Structurally, functionally and operationally, Kilroy Data Center was envisioned as a IT facility and communications center from its inception," said John T. Fucci, senior vice president, asset management of Kilroy Realty. "This is more than 'ping, power, and pipe.' "
The facility meets the Uptime Institute's standards for a Tier IV data center, according to Gerald L. Eggleston, Senior Director of Cushman & Wakefield.
The facility's infrastructure features multiple power sources, advanced power back up systems, N+2 cooling capacity, multiple telecommunications service providers, on-site manned security, an on-site water well for HVAC make up water, and an advanced fire suppression system.
Kilroy Realty Corporation is a real estate investment trust active in the office and industrial property sectors. As of Sept. 30, 2002, the company owned 7.6 million square feet of commercial office space and 5.2 million square feet of industrial space.