Velocis Purchases Key Charlotte Data Center Facility
The North Carolina data center is considered prime fiber optic hub.
Velocis, a private equity real estate manager, has purchased 701 Trade Street, a telecom carrier hotel and data center in downtown Charlotte. This is Velocis’ second asset purchased in North Carolina.
“Velocis capitalized on a unique opportunity to secure this property for its important location at the cross roads of Charlotte’s colocation and connectivity network,” said Jim Yoder, Velocis Principal. “The asset’s status as a prime fiber optic hub combined with the abundant power and security the building offers tenants, creates a significant untapped opportunity.”