Corelink Announces the Acquisition of New 81,000 Square Feet Data Center in Chicago Suburbs
CoreLink Also Announces the Move of Its Head Office to Chicago and the Hiring of Jay Sinder as CFO.
February 16th, 2010 (Chicago, IL) – CoreLink Data Centers, LLC, a leading provider of high quality, Tier 3 Data Centers, with co-location facilities in Phoenix, Seattle and Las Vegas, announced today, that it has added a fourth location in the Chicago suburb of Mt. Prospect. Corelink has entered into a long term lease for an 81,600 square foot stand-alone building which is currently configured with 10,000 square feet. of raised floor. Corelink will modify the existing infrastructure to bring it up to Corelink’s typical 2N configuration with over 200 watts per square foot of usable UPS power. The design is flexible so that customers with higher density requirements can also be accommodated. The completed facility plan will accommodate up to 65,000 square feet of useable raised floor, providing ample space for expansion. The location in Mount Prospect is located outside the flood plain and all flight paths of nearby airports. It is ideally situated close to O’Hare Airport and is approximately 25 miles from downtown Chicago. Corelink has secured over 16 MW of power for the facility.
Corelink also announced that the Company’s Head Office will relocate to Chicago from Phoenix, effective immediately. In conjunction with that move, Corelink further announces the hiring of Mr. Jay Sinder as CFO. Sinder comes to Corelink from Hostway Corporation where he was CFO. Prior to Hostway, Sinder was CFO at Focal Communications where he was responsible, among other things, in structuring and securing both equity and long term debt financing for the Company. “Jay is a great addition to the Corelink team,”stated Geoff Hampson, Corelink Data Center’s founder and CEO, “He brings in-depth knowledge of the industry and a track record of managing and financing successful growth stories”
In conjunction with the Head Quarters being in Chicago, Hampson will move there in March. Hampson has a long history of successful start-ups, including Peer 1 Network Enterprises Inc. where as CEO from 2000 through 2006, annual revenues grew from $250K to $80 Million. “We are building a strong team of managers with proven track records of value creation for all stakeholders” said Hampson. “Our move into the Midwest comes at a good time, when demand for co-location remains very strong and supply is limited. This is particularly true for the Chicago market where we are committed to making a large investment into this new facility, which will be our largest yet”.
Corelink has an active M&A and Business Development program and anticipates further additions to its co-location facility locations and to the management team over the coming months and continuing for the next several years.
Founded in 2007 Corelink Data Centers offer state-of-the-art facilities, colocation services and the management of mission-critical business applications for high bandwidth networks. The company brings together the best in colocation and reliable network solutions to provide a high quality service for day-to-day network requirements, disaster recovery and business continuity solutions. Corelink is backed by M/C Ventures of Boston. Corelink’s datacenters are located in Las Vegas, Nevada, Phoenix, Arizona, Seattle, Washington and Mount Prospect, Illinois.
For additional information regarding CoreLink locations, please visit www.corelink.com or call 866.435.2375.