Infomart Data Centers (“Infomart”) has announced the sale of three of its data centers and its management company to IPI Data Center Partners Management, LLC (“IPI Partners”) by ASB Real Estate Investments. IPI Partners is an investor in data centers and other technology and connectivity-related real assets. Financial terms were not disclosed.
As part of the transaction, an affiliate of IPI Partners will acquire Infomart’s data centers in San Jose, California; Hillsboro, Oregon; and Ashburn, Virginia. Combined, the three data centers total 665,000 sq ft with 27.2 megawatts of total in-place capacity and 29.7 megawatts of additional expansion potential. Infomart’s high-quality facilities in top locations have attracted a blue-chip list of global technology and enterprise tenants across the portfolio. In-place capacity as well as expansion opportunities will help enable the company to continue to grow with existing and new tenants.