July 19, 2016
Netrality Properties has hit the acquisition trail again. The company has closed the acquisition of two data centers from Digital Realty Trust out in St. Louis, Missouri as well as a bit of colo from 365 Data Centers. I’ve heard whispers of this deal for most of the past couple of quarters, but it took a while to work out the details it seems.
The first is the key carrier hotel at 210 N. Tucker, which spans some 400,000 square feet. The second is a 100,000 square foot facility at 900 Walnut, just a few blocks away. Meanwhile, they are also purchasing a colo facility operated by 365 Data Centers that operates within 210 N. Tucker. Between them the facilities have access to some 45 network operators, and Netrality plans to integrate all three purchases under one common management team.
Of course, the state of Missouri is nothing new for Netrality, as their initial acquisition was of 1102 Grand in Kansas City, a couple hundred miles to the west. Netrality’s other carrier hotel purchases have been in the key markets of New York City, Chicago, Philadelphia, and Houston. Sooner or later, I expect they will show up in Northern Virginia too, or perhaps out on the west coast somewhere.