Feb. 25, 2003 -- Revenues at eXchange @ 200 Paul grew 23 percent in 2002, capping what the company described as a "momentous year" for the San Francisco carrier hotel facility.
Wireless providers Verizon and Cingular Wireless were among the 40 new customers leasing space or services at the 420,000 square foot building, while 20 more existing customers expanded their business at 200 Paul.
"Last year may have been the most challenging year ever for the telecommunications industry," said John Wilson, president and CEO of eXchange @ 200 Paul. "But with our tier-one customer roster, reduced debt and solid revenue growth, eXchange @ 200 Paul and our customers are primed to enjoy long-term prosperity."
Wilson said eXchange @ 200 Paul has been cash-flow positive since 2000, and has experienced 439 percent revenue growth since 1999.
A key strategic focus in 2002 was the wireless sector, according to Wilson. As one of the most wired cities in the nation, San Francisco has been a hotbed of growth for wireless Internet access.
The roster of companies which contracted for new or expanded requirements at 200 Paul in 2002 includes Qwest Communications, WilTel Communications, Cogent Communications, Reliable Hosting, United Colocation Group, Whitaker Consulting, Corrigo and Verio.
The campus at 200 Paul in San Francisco is better than 80 percent occupied, and includes entitlements to build another 330,000 square feet of telecom space. The company also owns and operates eXchange at 1100 Space Park, a 170,000 square foot carrier hotel in Santa Clara. The eXchange buildings and eXchange Colo are all part of the Somerston Group, a British investment firm.