News: Front Section

ColoSpace Inc. expands Bedford Data Center by 4,000 s/f

ColoSpace Inc. continues to ride the wave of innovation and growth - completing its third expansion in three years while opening a new facility in Westborough, Mass. ColoSpace just completed an expansion at its Bedford Data Center after building out new space at its Rockland and Waltham, MA facilities in 2010 and 2011, respectively. ColoSpace broke ground in October 2012 and completed the addition in late January. Tocco Electric and Granite State Plumbing and Heating, LLC were hired by ColoSpace for the expansion, which added 4,000 s/f of raised floor to the existing Data Center. The expansion allows ColoSpace to meet growing demand from new clients, which have shown great interest in the Data Center. The construction also included an upgrade to its electrical infrastructure by converting the facility to a 2N+1 design with redundant systems including two utility feeds, two UPS plants and two standby generators. The Bedford facility retains high security and monitoring procedures, and is also SSAE 16, PCI and HIPAA compliant, as are all ColoSpace Data Centers. The expansion was necessary due to the increasing demand in the New Hampshire region for colocation and disaster recovery services. "Once one of our data centers reaches 80% capacity, that is when we start drawing up plans for expansion," said John Fox, COO of ColoSpace. Over the past few years, the Bedford Data Center has become increasingly popular for disaster recovery services. "Many people choose the Bedford Data Center for their DR services because it's a good distance from their production sites in Massachusetts, so there's a great sense of protection in case of a disaster, yet it's also very accessible," said ColoSpace co-founder, Aaron Sawchuk. ColoSpace celebrated the newly completed expansion by hosting an Open House at the Bedford facility on January 30th. Employees, partners, current and potential customers, and town officials attended the event which included tours of the Data Center and a presentation from Aaron Sawchuk, on the important role Data Centers play within the world of Cloud Computing. ColoSpace will be hosting another Open House in the near future, as it is opening a sixth Data Center in Westborough, Mass., which is the former site of an EMC data center. The Westborough site will be ColoSpace's largest Data Center to date, with over 23,000 s/f of raised floor space, electrical capacity over 4 megawatts, three generators, and 40,000 s/f of potential disaster recovery space. ColoSpace is currently providing tours to prospective anchor tenants and expects to be installing customers soon. ColoSpace president, Wayne Sawchuk said, "The former EMC facility is a top-notch data center that fits perfectly with our expansion plans and we just couldn't pass it up. This addition to our portfolio will allow ColoSpace to meet the growing enterprise demand for top tier facilities - especially for the growth we see in the 495 area."
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.