“The acquisition of this portfolio enhances Netrality’s growing national footprint,” said Gerald M. Marshall, Netrality’s President and Chief Executive Officer. “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.”
St. Louis, which has the 19th largest population of any metropolitan area in the country, is a critical location for network operations in the region. The buildings are the most critical network 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, a 400,000-square-foot building, and 900 Walnut, a 100,000-square-foot building offer customers access to over 43+ and 45+ network operators, respectively. The colocation facilities also provide highly reliable interconnected 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 business under common management.
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.
To read the full announcement, click here.