One of the key data centers in the central US is changing hands. Equinix has entered into a definitive agreement to acquire the Infomart Dallas building from ASB Real Estate Investments for $800M.
The Infomart Dallas is already home to four of Equinix’s eight Dallas IBX data centers, and has room for future development. In all, the building offers some 1.6M gross square feet of space, and Equinix was already accounting for 40% of the lease revenue at the facility. Some 50 Infomart employees and contractors will move over to Equinix when the deal closes, an event that is expected in mid-2018.
Meanwhile, Infomart Data Centers presumably soldiers on with its other facilities in Portland, Silicon Valley, and Ashburn. The Dallas facility was a bit of a different kettle of fish from the other ones in terms of customers, so it make sense to sell it independently. The Portland and Silicon Valley facilities derive from the merger with Fortune Data Centers a few years ago, while the Ashburn facility just went online last year.
I do wonder if there is a shoe left to drop, with someone else stepping up to buy the rest of the assets.
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Categories: Datacenter · Mergers and Acquisitions
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Every Equinix and Digital Realty acquisition saddens me just a little more.
But not NSP consolidation? That’s where technology is dying. The other two seem to be accelerating it. Or is this more an axe to grind type of sad?
That saddens me as well, but the network space is still a lot more diversified than the colo space.
CenturyLink buying Level 3 saddened me as CenturyLink is just plain a bad company due to their fleecing of the American taxpayer, but that sadness was mitigated by the fact that I wouldn’t have likely bought from either of them anyway and neither of them have the market stranglehold that Digital Realty or Equinix do.
Most major carriers are available in most buildings in a given market. Most minor carriers are only available in select buildings in a market, if even more than one. Those select buildings are likely going to be Digital Realty or Equinix. Can’t avoid them many times.
I got lost. Where is technology dying and where is it accelerating?
Also, Rob, did you change how notifications work on the blog comments? I don’t get them and don’t see how to add them.
Hmmm, I didn’t change anything but it’s been a while and the plugin may be malfunctioning. I’ll check.