Wired Real Estate Group Inc. has announced its role as advisor to Avista Capital Partners in their recently announced acquisition of DataBank Holdings from Freeman Group, a private investment firm.
DataBank’s existing data center facilities are located in the former Federal Reserve Bank building in Dallas’ downtown central business district. The site, one of three major carrier hotels in Dallas, offers attractive power availability, high infrastructure redundancy, a secure environment and robust telecommunications connectivity.
This announcement comes on the heels of accelerated momentum at WiredRE, being a participant in some of the nation’s largest developments, including Vineyard Data Park in Colorado Spring, Fiber Depot in San Francisco, Vinakom Carrier Hotel of Chicago, and Caspian Tech Center in Silicon Valley. Everett Thompson, CEO, WiredRE, commented, “We are very happy to be associated with Avista and this transactions. This project was another great opportunity for us to showcase our ability to provide reliable input on complex transactions and under tight schedules.”
Brendan Scollans, partner at Avista, said, “Data center businesses are both technically and commercially complex. WiredRE was an ideal advisor, owing to their integrated technical and commercial capabilities. We were confident in WiredRE, based on their proven track record with large and complex transactions, and they exceeded our expectations.”