Virginia Economic Review: Fourth Quarter 2019

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Installation of MAREA cable

W A WORLD-CLASS DATA CENTER IN RICHMOND The MAREA and BRUSA sea cables were established in Virginia Beach in response to growing demand by U.S. companies for high-capacity, low-latency connectivity to Europe and South America. Both cables land at the Virginia Beach Cable Landing Station, which is owned and operated by Telxius. In Richmond, QTS Realty Trust, a provider of hybrid colocation and megascale data centers, owns the closest Tier 3-designed data center to the MAREA and

BRUSA cables. The 1.3-million-square-foot facility features more than 500,000 square feet of raised floor capacity and provides a wide range of IT infrastructure services. The combined capabilities of the QTSTelxius partnership are now attracting technology and internet companies to the I-64 corridor. The Richmond NAP is an attractive alternative for companies looking for the fastest, most effective internet routes to foreign markets, including Bank of America’s recent expansions in Henrico County and Facebook’s coming data center in White Oak Technology Park.

ATTRACTING MAJOR CLIENTS Capital investments have increased sharply in Henrico County since the deployment of the cables, with the county accounting for 53% of announced statewide investments in data processing and hosting, compared to just 6% from 2008–2016, according to a Mangum Economics report. “The confluence of the MAREA and BRUSA next-generation subsea cables and the QTS Richmond NAP are establishing Richmond as a premier North American global interconnection

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