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IO Plans Potential $500M Expansion

IO bought this 9-acre plot of land south of its current Phoenix data center and will expand its current campus with a new three-story data center. Map courtesy of IO Data Centers.

By Hayley Ringle for Phoenix Business Journal

Phoenix-based IO Data Centers LLC is planning a big campus expansion next to its Phoenix data center with a three-story, $400M to $500M project during the next six to eight years.

IO bought nine acres of land for $8.6M south of its current Phoenix data center off 48th Street and Loop 202, IO’s President and Founder Anthony Wanger told me today.

“This three-story modular data center will enable us to deploy more than 600 new modules,” Wanger said. “We still have a little bit of capacity (in Phoenix), but it’s important for us to expand so we don’t run out of capacity infrastructure for our customers. We want to remain in a position to serve our customer demand.”

The Phoenix data center has 10 different data centers within the current building. The new lot off 48th Street and Van Buren will have the same look and feel of the nearby Phoenix building, but will be a standalone building, Wanger said.

IO plans to break ground later this year, and expects to open it next year.

The new IO building will include 100-percent renewable energy, which is a push IO continues to make in Arizona, Wanger said.

The company has not awarded bids to an architect or general contractor for the project, according to an IO spokeswoman.

Read more at Phoenix Business Journal

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