History
The company was co-founded by Lammot J. du Pont, an analyst for JPMorgan Chase and Hossein Fateh, a real estate developer in the Washington metropolitan area.[3] The company sought to acquire data centers that belonged to defunct internet service providers.[3]
In 2004, the company's predecessor acquired 5 data centers from Savvis for $52 million in a leaseback transaction.[4]
In 2005, the company's predecessor acquired a 230,000 square foot data center from AOL for $58.5 million.[5]
On March 2, 2007, the company was incorporated as a real estate investment trust.[1]
In October 2007, the company became a public company via an initial public offering that raised $640 million, the 7th largest initial public offering of a real estate investment trust at that time.[6]
In early 2008, the company halted construction projects due to a lack of financing.[7]
In 2009, the company was named as the fastest growing company in the Washington metro area by American City Business Journals.[8]
In February 2011, Mohammed Mark Amin resigned from the board of directors and was replaced by John T. Roberts Jr.[9]
In 2012, Hossein Fateh, the chief executive officer of the company, forgone his $450,000 salary in exchange for use of the company jet.[10]
In 2012, the company reported that the volume of leasing was the largest in company history.[11]
In May 2012, Mohammed Mark Amin, formerly a director of the company, was accused by the U.S. Securities and Exchange Commission of making a $618,000 profit as a result of insider trading in the company's securities.[12][13][14]
In September 2014, the company opened a new data center in Ashburn, Virginia.[15]
In February 2015, Christopher P. Eldredge was named chief executive officer of the company.[16]
In March 2015, the company won the Brill Award For Data Center Design issued by Uptime Institute.[17]
In March 2016, the company acquired a 46.7 acre parcel of land in Hillsboro, Oregon for $11.2 million.[18][19]
In June 2016, the company sold a 38-acre data center in New Jersey to Quality Technology Services for $125 million.[20][21]
In October 2016, the company acquired the former printing plant of the Toronto Star for C$54.25 million, with plans to convert it to a data center.[22][23]
In May 2017, the company acquired a 56.5-acre undeveloped site in Mesa, Arizona with plans to construct a data center campus.[24]
In September 2017, the company was acquired by Digital Realty.[25][26]
