QTS (Quality Technology Services) has announced that it has purchased a former semiconductor plant with plans to transform the facility into a state-of-the-art data center. This acquisition aligns with QTS' development strategy to obtain and revitalize large, scalable properties in high-demand and growing data center markets to provide custom data center, colocation, and cloud solutions. Financial terms of the deal were not disclosed.
The Dallas facility sits on a 40-acre campus in the Irving/Las Colinas area. This 700,000-sq-ft facility follows QTS' continued focus on mega data centers, with the ability to double the footprint on the existing campus to over 1.4 million sq ft. The campus is powered by an on-site 140 MW dual-fed substation. In addition, the facility's diverse fiber network connections will allow QTS to provide carrier-neutral connectivity with maximum flexibility, providing customer access to the area's numerous network providers.
"We conducted an extensive search when looking for the next site to add to our nationwide portfolio of data centers. This facility provides the scale and flexibility to support our ‘3C's' product offerings of custom data centers, colocation, and cloud-based services," said Chad Williams, chief executive officer – QTS. "Our entry into this market is a further commitment to our development strategy and will position us for future growth."
The addition of the Dallas facility augments QTS' presence in some of the nation's top data center markets including Atlanta, Richmond, VA, and Northern California. Similar to the mega data center developments of QTS' Atlanta and Richmond locations, the Dallas site will be brought online in phases, with enterprise tenants moving in as early as Q1, 2014. Dallas will be the second new market that QTS has entered in recent months, following its recent acquisition of Herakles in Sacramento, CA.
QTS was represented by Jones Lang LaSalle Incorporated. The seller was represented by ATREG, Inc. in coordination with Citadel Partners.