GI Partners continues its strategy of investing in the infrastructure of technology with the recent acquisition of two technology intensive properties from NTT DATA located in Plano, Texas and Quincy, Washington.
The Plano property is an infrastructure-rich corporate headquarters campus. The property has over one million square feet of space, including two data center facilities that will be leased back to NTT DATA on a long-term basis, leasable office space, and an owned, expandable on-site substation, facilitating market-advantaged power rates and further data center development.
The Quincy property is a data center facility that will be also leased back to NTT on a long-term basis. The Quincy property, purpose built in 2012, totals approximately 180,000 sq ft, with robust, redundant infrastructure including 14 MW of gross utility power.
“We look forward to continuing our relationship with NTT DATA and expanding our data center footprint in the Dallas metroplex, which continues to be a very attractive market with increasingly attractive demand prospects,” commented Mike Armstrong, director of GI Partners and head of acquisitions for its technology real estate investment programs. “Quincy is unique given the 100% ‘green’ hydroelectric power and emerging profile as a destination for large footprint data center users. Furthermore, because of the lease-back options, NTT DATA will be able to continue using the data centers without changes for their clients.”
These properties add to the technology real estate portfolios owned and managed by GI Partners and its affiliates, which now total 33 properties comprising 8.3 million sq ft across 14 different leading markets.