REBusinessOnline

Blackstone Agrees to Acquire Data Center Giant QTS Realty Trust in $10B Deal

NEW YORK CITY AND OVERLAND PARK, KAN. — Blackstone (NYSE: BX) has entered into a definitive acquisition agreement with QTS Realty Trust (NYSE: QTS), a data center real estate investment trust, in an all-cash transaction valued at $10 billion. Upon completion of the transaction, the parties expect that QTS will continue to be led by its senior management team and maintain its corporate headquarters in Overland Park.QTS has a diverse footprint spanning more than 7 million square feet of …

Yondr Group Acquires 270 Acres in Northern Virginia for Data Centers Developments

LOUDOUN AND PRINCE WILLIAM COUNTY, VA. — Yondr Group, in partnership with JK Land Holdings LLC, have acquired 270 acres of land in Loudoun and Prince William counties for the development of data centers. The price and seller were not disclosed.The data centers’ new sites are close to Northern Virginia's major fiber path and power transmission lines, and the sites are expected to support the delivery of 500 megawatts of critical IT capacity. Yondr aims to have its first capacity ready …

Switch Inc. Buys Land in Metro Austin from Dell for Development of 1.5 MSF Data Center Campus

ROUND ROCK, TEXAS — Switch Inc. (NYSE: SWCH), a Las Vegas data center developer and operator, has purchased land in the northern Austin suburb of Round Rock from Dell Technologies for the development of a 1.5 million-square-foot campus. The site is adjacent to Dell’s global headquarters campus. The property will be Switch Inc.’s fifth data center campus in Texas and will be known as The Rock. Switch Inc., which recently acquired Data Foundry, a provider of colocation services in Texas, …

Digital Fortress Opens 250,000 SF Data Center Campus in Chesterfield, Virginia

CHESTERFIELD, VA. — Digital Fortress, a multi-tenant and wholesale data center provider, has opened a 250,000-square-foot data center campus in Chesterfield, about 16 miles south of Richmond.The facility, known as Digital Fortress Richmond, features a raised floor design for its data center space that has 4.1 megawatts of IT load, as well as an additional 200,000 square feet of shell core expansion space supporting up to 25 megawatts of power. The property also features office space that …

NAI Global: Industrial Demand Rooted in Long-Term Changes to Distribution, Manufacturing

Shifting behaviors and expectations for consumers, manufacturers and distributors have made industrial space central to the commercial real estate landscape. “This is an asset class that for 25 years of my 39 years in the commercial real estate business was a boring, middle-of-the-road class. But this steady investment has just exploded,” says Jay Olshonsky, president and CEO of NAI Global.Much of the most recent change has been driven by the particulars of the COVID-19 pandemic. …

TA Realty to Develop $1.8B Data Center Campus in Leesburg, Virginia

LEESBURG, VA. — TA Realty LLC, a provider of real estate investment management services to domestic and international institutional investors, plans to develop a new $1.8 billion secure data center campus in Leesburg. The Loudoun County project will be the first data center development for the Boston-based firm.TA Realty’s new data center campus will be situated on the east side of Sycolin Road with Cochran Mill Road to the north and Energy Park Drive to the south. With the initial …

American Tower Expands Data Center in Downtown Atlanta

ATLANTA — American Tower, a data center REIT based in Boston, has expanded its American Tower Metro Data Center facility at 55 Marietta St. in downtown Atlanta. The addition brings nearly 20,000 square feet and 2 additional megawatts of capacity to the facility. American Tower has fully integrated the data center, formerly known as Colo Atl, into the American Tower brand.American Tower hopes with the expansion to provide its customers with more power and capacity, giving them a vehicle to …

Cogent Communications Signs 6,000 SF Lease at Newly Expanded Data Center in Downtown Minneapolis

MINNEAPOLIS — Cogent Communications has signed a 6,000-square-foot lease at [email protected], a newly expanded data center located at 1001 Third Ave. South in downtown Minneapolis. Legacy Investing, an investment and commercial real estate firm focused on technology properties, owns the asset. T5 Data Centers, a national data center operating company, manages and operates the property, which features private suites, technical office space, a conference area and tenant lounge. The building is …

DC Blox, Brasfield & Gorrie Break Ground on Data Center in Greenville

GREENVILLE, S.C. — DC Blox, a provider of interconnected multi-tenant data centers, has broken ground on a multi-tenant regional data center in Greenville. With an initial capacity of 1 MW of critical load, the first phase of DC Blox’s new Greenville data center is set to be completed by the third quarter of 2021. The Atlanta-based firm is partnering with Brasfield & Gorrie, a privately held construction firm, on the project.When complete, the data center will offer access to DC …

Verizon Data Center in Overland Park Sells for $5.8M

OVERLAND PARK, KAN. — A 51,299-square-foot data center occupied by Verizon in Overland Park has sold for $5.8 million. Chris Orr of Romans Properties represented the buyer, a private institutional investor. Seller information was undisclosed. Charlotte, N.C.-based Romans specializes in the sale and leasing of data centers

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