Flexential, a provider of data center colocation, cloud and connectivity services, entered into a leaseback agreement with Legacy Investing and Invesco Real Estate. This deal will enable the 130,000 square-foot expansion of Flexential’s facility in Plano, Texas. The upgrade is expected to more-than-double its data center capacity to over 260,000 square feet, and bring its market capacity in Dallas to over 432,000 square feet.
The agreement follows a similar April 2020 deal with the company related to its Hillsboro 3 data center in Portland, Oregon.
“Our continued partnership with Legacy Investing and Invesco Real Estate allows Flexential to expand at an even faster rate to meet heightened demand in hypergrowth markets such as Plano, Texas and Portland,” said Chris Downie, the CEO of Flexential. “We are committed to continued investment in the 38 highly connected data centers in our platform of hybrid IT infrastructure solutions and are pleased that this partnership is enabling us to realize quick and efficient growth.”
