MetroNexus, Core Location Announce Atlanta Carrier Hotel

Facility will include 1 million s.f. of leasable space

By Rich Miller
CarrierHotels News Staff

Aug. 22, 2000 -- MetroNexus and Core Location have announced the closing of adeal to complete a technologically advanced ``carrier hotel'' in Atlanta.
With approximately 1 million square feet of leaseable space, the two companies said the Metro Technology Center Atlanta will be one of the largest buildings of its kind in the world, joining Core Location's 1.1 million square foot Lakeside Technology Center in Chicago.
MetroNexus, which acquires and develops carrier hotels in North America and Europe, was founded in May by The Morgan Stanley Real Estate Funds.
"MetroNexus is extremely excited to work with Core Location to develop what will be one of the largest and most advanced telecommunications and technology centers,'' said Eric Assimakopoulos, Chief Executive Officer of MetroNexus, LP.
Metro Technology Center Atlanta is located in both an Atlanta Enterprise Zone and an Empowerment Zone, and will be fully renovated and ready for occupancy in the fourth quarter of 2000.
The developers said the center is ideally suited for telecommunications and Internet companies, and will house the industry's most advanced support facilities; designed to meet the growing demand of companies that require massive physical space for their data and telecommunications needs.
"Metro Technology Center Atlanta is much more than just a warehouse for high-tech hardware,'' says Michael Jacoby, President of Core Location. "It's a secure provider of leaseable space with highly engineered infrastructure capable of housing state-of-the-art telecommunications and data equipment. Carrier hotels enable telecommunications and Internet companies to share costly resources such as power, fiber-optics access, environmental improvements and security.''
Among MetroNexus' newest facilities is an 800,000 square foot telecommunications and technology center in Houston with eight fiber providers in close proximity including Qwest, Southwestern Bell & Time Warner. 50 Dey Street in Jersey City is over one million square feet located in the highly desirable Metro New York City Area with Bell Atlantic, Level 3 and AT&T to provide fiber to the building.
MetroNexus also has 180,000 square foot facilities in Montreal and Stockholm. The facilities are scheduled to be opened in the fourth quarter of 2000 and 1st Quarter of 2001. Simultaneously with the opening of MTCA, Core Location is planning the development of the San Jose Technology Center in downtown San Jose, California. The building is scheduled to open in the fourth quarter of 2000.