On July 19, Netrality Properties, the owner and operator of premium colocation facilities and network-neutral carrier hotels, announced the strategic acquisition of two important properties in St. Louis, Missouri.
Located at 210 N. Tucker Street and 900 Walnut Street, these are fiber-rich carrier hotels, purchased from Digital Realty, that measure 400,000 square feet and 100,000 square feet, respectively. Netrality Properties also acquired a key colocation business located within 210 N. Tucker from 365 Data Centers.
Soon, Netrality Properties will integrate building operations for both facilities and the additional colocation business under common management. The acquisitions are significant for Netrality Properties in two ways: they expand the company’s national footprint, and the buildings provide geographical significance as a regional gateway to surrounding long-haul fiber systems.
Speaking about the announcement, Netrality Properties President and Chief Executive Officer Gerald M. Marshall said, “The acquisition of this portfolio enhances Netrality’s growing national footprint. “St. Louis is a key interconnection point for carriers, service providers and enterprise customers in the region. It was a pleasure working with Mike Darragh and the entire Digital Realty team on this transaction, and we look forward to building on their tremendous legacy in St. Louis.”
The state-of-the-art facilities offer building-owned and managed carrier-neutral Meet-Me Rooms (MMRs) and access to network operators. The facilities at 210 N. Tucker and 900 Walnut will offer customer access to a total of 88 network operators. Other benefits include high reliability, HVAC infrastructure and advanced power delivery.
“We appreciate the opportunity we have had to work with Netrality on their strategic acquisition of these St. Louis data centers,” remarked Scott Peterson, Digital Realty’s Chief Investment Officer. “We also thank our operations team in St. Louis as well as the acquisitions team, who worked seamlessly with Netrality to facilitate the transaction and deliver on our capital recycling commitments.”
The acquisitions were made possible for Netrality Properties thanks to the help of CitiBank, which provided debt financing, as well as Ropes & Gray LLP, which provided legal counseling. Digital Realty was represented by Managing Director of JLL Capital Markets Michael Hochanadel.
You can learn more information about Netrality Properties by clicking here.