Document storage firm invests $4.8 million to buy and renovate Charlotte, N.C., building.
COR365 Information Solutions, a records storage firm headquartered in to Winston-Salem, N.C., has purchased an 81,000-square-foot facility in the Hart Business Park, Charlotte, N.C., for $3.3 million. The company invested an additional $1.5 million for renovations to the facility.
COR365 Information Solutions says it has approximately 1,200 clients and stores and manages more than 1.3 million cubic feet of paper records and 250,000 electronic backup tapes. It also shreds and recycles 2,400 tons of paper and captures and stores more than 18 million document images per year.
The new facility is outfitted with a 1,450-square-foot data protection vault and a records center that can store and manage 500,000 cubic feet of boxes. The site features a sophisticated fire protection system, around-the-clock security monitoring and areas that are temperature and humidity controlled, Cor365 says.
Chris Kelley, COR365 Information Solutions CEO, says the investment was driven by client demand for document imaging, tape vaulting, shredding, file management and storage services.
"We've found Charlotte to be a great market for the complete complement of information management solutions we deliver," Kelley says. "Businesses have discovered that we can help them streamline their operations and lower their costs while delivering a level of customer service unmatched in the industry."
When COR365 Information Solutions entered the Charlotte market in 2008, it was known as DataChambers Records Management. The new name was prompted by the sale of a former sister company, which retained the DataChambers name, to North State Communications.