INAP Signs 80 KSF Master Lease in ATL

The new master-lease will allow INAP to consolidate its tenants and employees from the other two locations it occupies in the Atlanta metro.
INAP's new master-leased property, at 40 Perimeter Center East
INAP’s new master-leased property, 40 Perimeter Center East

Internap Corp. has signed a master lease for a data center near Atlanta’s Perimeter Center. The Tier III facility is owned and managed by a joint venture of Lincoln Property Co.’s data center division, Lincoln Rackhouse, and Bailard Inc. The partnership acquired the facility earlier this year.

The property is located at 40 Perimeter Center East. It has 4.8 megawatts of critical power capacity, delivered by two, 20-kilovolt feeds from Georgia Power. Of its 88,000-square-foot capacity, 31,763 square feet are data center space. Multiple national metro and long-haul providers are present, including CenturyLink, FiberLight, Level3, Windstream, Zayo, XO and others. Physical security at the site includes a man trap and keycard access, crash-rated security bollards, monitored CCTV and 24/7 on-site security officers.

The majority tenant at the location is The Coca Cola Co., while the surrounding area is home to numerous large companies such as Mercedes Benz, IBM, DELL, COX, Equifax, ABB Ventyx and others. Internap Corp.’s AgileCLOUD and AgileSERVER are services offered to enterprises and will be available at the new site. Nearby Interstates 285 and 85 provide transit solutions, while multiple apartment communities and the proximity to Perimeter Mall ensure a stable work environment.

The strategic location of the facility, with its unique proximity to the large office using population in Central Perimeter, provides inherent appeal to users and tenants at this site which helped draw INAP to this location,” said Chip Sipple, vice president of transactions at Lincoln Property Co., in a prepared statement.

Getting an upgrade

Internap occupies two other buildings in Atlanta, including 50,000 square feet of office space at 1 Ravina Drive in Dunwoody. The company plans to vacate this location and move its employees to existing office space at its other data center at 250 Williams St., and at the newly-leased 40 Perimeter Center. Customers will be consolidated into both spaces as well.

Atlanta is a key metro market with growing demand, and a real focus for upgrade and investment by our team. This new agreement provides immediate access to numerous enterprise deals in the region. Today, we operate our primary Williams Street data center, and another non-core site. By eliminating the non-core site, and adding this new Lincoln Rackhouse property, we gain more quality control over our environment, which bodes well for our customers. One facility will be downtown, and the other with this deal, will be in the suburbs in Perimeter,” said Corey Needles, senior vice president & manager of INAP COLO, in a prepared statement.

Executive Managing Director Alex Smith and Senior Director Jon Mayeske of Cushman & Wakefield represented Internap in the lease negotiations.

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