July 19, 2016
Netrality Properties said Tuesday it has acquired from Digital Realty the downtown St. Louis data centers at 210 North Tucker Boulevard and 900 Walnut Street.
In addition, Netrality said its has acquired a colocation facility at 210 North Tucker from 365 Data Centers. The company did not say what it paid for the facilities. All three facilities will be put under common management, Netrality said.
“The acquisition of this portfolio enhances Netrality’s growing national footprint,” the company’s chief executive, Gerald M. Marshall, said in a statement. “St. Louis is a key interconnection point for carriers, service providers and enterprise customers in the region.”
CitiBank provided debt financing on the acquisition and Ropes & Gray LLP was Netrality’s legal counsel in the deals. JLL Capital Markets represented Digital Realty, which is based in San Francisco.
Netrality also has data centers in Kansas City, Philadelphia, Houston, New York and its homebase of Chicago.
In St. Louis, the data center at 210 North Tucker is in an 18-story building that once housed federal government offices. The building, erected in 1969, became a hub for Digital Realty, based in San Francisco, and other IT companies that provide computer services.
St. Louis officials have long promoted development of IT companies in the city. Touted are cheap electricity and a large fiber network that exists beneath downtown streets.