Project Description

Boston-based Iron Mountain (IM) is a world leader in information management services, assisting more than 156,000 organizations in 36 countries on five continents with storing, protecting and managing their information.

In 2015, Boyette assisted Iron Mountain in choosing a location for their first co-location data center, primarily focusing on the incentive benefits the tech-giant could receive from each location they were considering. Securing the right incentives was significant, as the project was an immense development for the company as follows:

  • A total investment of over $350 million.
  • The creation of at least 25 jobs, with average wage rates of $100,000 per year.
  • A three-facility campus at over 130,000 square feet each, totaling 375,000 square feet.
  • The data center will be a 10.5-megawatt multi-tenant and cloud facility.

Three finalist locations were considered from around the country, but the incentives Boyette helped secure led IM to choose Northern Virginia, the data center capital of the nation, as the site for their new state-of-the-art data center. Incentives included a $7.3 million sales and use tax exemption on data center equipment at the state level, a local grant of $500,000, and a reduction of initial capital contributions for electrical infrastructure from NOVEC.

Boyette was fortunate enough to be a strategic partner with Iron Mountain in the siting of their first co-location data center in Virginia, which was revealed in Prince William County on September 15, 2017. The total investment for the project is expected to be more than $350 million, and the company has already invested $80 million in the first phase. Read more here.

Boyette continues to assist Iron Mountain with other facility locations and expansions.