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Wednesday, March 24, 2010

Does "F" Stand for Fidelity?

News summary by MFWire's editors

City officials in Garner, North Carolina, last week approved the development of a large commercial facility that is thought to be Fidelity Investments' new data center, the The Garner Citizen reports.

The site on Waterfield Drive in Greenfield South Business Park is being developed for Project "F." Town officials declined to identify the company, but according to the Garner Citizen, officials "have acknowledged significant similarities between their project and the reports about Fidelity."

The Triangle Business Journal reported in January that Fidelity was in the final stages of negotiations for a piece of land in Garner to build a data center.

Fidelity has a large data center in Research Triangle Park, North Carolina and earlier this year confirmed that it was looking to expand in the area.

“Fidelity is planning for incremental growth beyond the capacity we have at our existing data center facility,” Fidelity spokesman Vin Loporchio told The MFWire in January, without mentioning specifics. 

Edited by: Daniel Tovrov

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