Netrality Properties Acquires St. Louis Carrier Hotels From Digital Realty
Acquisition of 210 N. Tucker Street and 900 Walnut Street coincides with Netrality’s purchase of the 365 Data Centers colocation facility also at 210 N. Tucker.
Netrality Properties has announced the acquisition of two fiber-rich, network-dense properties located in St. Louis: 210 N. Tucker, a 400,000-sq-ft building, and 900 Walnut, a 100,000-sq-ft building. Additionally, the company has acquired a colocation facility located within 210 N. Tucker from 365 Data Centers.
The buildings are the most critical core interconnection sites in St. Louis, serving as a gateway to long haul fiber in the region. Each facility offers carrier-neutral, building-owned and managed Meet-Me Rooms (MMRs). 210 N. Tucker and 900 Walnut offer customers access to over 43+ and 45+ network operators, respectively. The facilities also provide highly reliable data center operations with robust power and HVAC infrastructure. Netrality plans to integrate the operations of the two buildings along with the 365 Data Centers facility under common management.
“The acquisition of this portfolio enhances Netrality’s growing national footprint,” said Gerald M. Marshall, president and chief executive officer, Netrality. “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.”
“We appreciate the opportunity we have had to work with Netrality on their strategic acquisition of these St. Louis data centers,” said Scott Peterson, chief investment officer, Digital Realty. “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.”
CitiBank provided debt financing on the acquisition, and Ropes & Gray LLP was Netrality’s legal counsel on the acquisitions.
Michael Hochanadel, managing director with JLL Capital Markets, represented Digital Realty on the transaction.