ColoConnection Leases First Site

By Rich Miller
CarrierHotels News Staff

Sept. 20, 2000 -- ColoConnection, a subsidiary of Terremark Worldwide, Inc. today announced it has leased a carrier-neutral colocation site in Silicon Valley.
Located in Santa Clara, Ca., the 45,000 square foot facility is the company's first deployment since ColoConnection was established in June 2000, and will be operational in early 2001.
ColoConnection has signed a 20-year lease on the property, which has the heavy fiber optics and bandwidth connection that the company believes is ideal for long-haul carriers and Internet providers throughout the region. The site will contain more than 1,800 racks available for telecom components for area ASPs, ISPs, CLECs, and other users.
ColoConnection, a carrier-neutral colocation provider, said it is "actively identifying" colocation space and is currently in negotiation for other sites.
"With Silicon Valley being at the heart of the New Economy, this acquisition gives Terremark a crucial co-location presence in that region,'' said Wayne Allen, President of ColoConnection. "Terremark's infrastructure expertise will provide a competitive advantage to rapidly build and develop these facilities to help meet the growing demand for co-location space in the U.S.''
Terremark Worldwide, Inc. is a publicly held Miami-based company offering telecommunications services, data, Internet and computer housing facilities, and a full range of real estate services