February 27, 2018

GI Partners acquires data center facility near Wall Street

The acquisition aims to leverage the location of the data center in a bid to attract financial institutions.

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U.S based investment firm GI Partners has acquired a 130,00 sq.feet data center facility at Nutley, New Jersey. With this acquisition, GI Partners seek to add financial organizations and institutions to their portfolio by taking full advantage of the data center facility located near Wall Street, New York.

According to GI Partners, the data center facility at Nutley, New Jersey will allow them to penetrate businesses belonging to the financial sector. They also claim that with close proximity to Wall Street, attracting businesses in order to provide cloud-based data center and co-location services will be much easier.

GI Partners say that this data center facility is under a long-term lease by current holders BT Americas, an SBU of British Telecom (BT). They also say that the facility provides access to telecommunication providers and features an expandable electrical substation on-site.

As per GI Partners, they will be benefitting by partnering with an organization of British Telecom’s stature. Explaining this, Michael Wong, Director of GI Partners and co-head of acquisitions for GI’s technology real estate investment programs commented:

We are very pleased to form a long-term relationship with BT. BT’s recent long-term lease extension and its focus on continuing and expanding its service offerings to a wide range of clients in its Nutley location make it a very attractive addition to our technology-advantaged real estate portfolio.

In closing, GI Partners added that this acquisition totals their data center assets to 22 in number and 3.5 million sq. feet in area.

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