Netrality Properties, owner and operator of network-neutral carrier hotels and colocation facilities, has acquired two fiber-rich, network-dense properties located in St. Louis, Missouri: 210 N. Tucker, a 400,000-square-foot building, and 900 Walnut, a 100,000-square-foot building. Additionally, the company has acquired a colocation business located within 210 N. Tucker from 365 Data Centers.
The buildings are the most critical core interconnection sites in St. Louis, serving as a gateway to long haul fiber in the region, said the company. Each facility offers carrier-neutral, building-owned and managed meet-me rooms (MMRs). 210 N. Tucker and 900 Walnut both offer customers access more than 40 network operators. Netrality plans to integrate the operations of the two buildings along with the 365 Data Centers business under common management.
“The acquisition of this portfolio enhances Netrality’s growing national footprint,” said Gerald M. Marshall, Netrality’s President and Chief Executive Officer. “St. Louis is a key interconnection point for carriers, service providers and enterprise customers in the region. It was a pleasure working with Mike Darragh and the entire Digital Realty team on this transaction, and we look forward to building on their tremendous legacy in St. Louis.”
“We appreciate the opportunity we have had to work with Netrality on their strategic acquisition of these St. Louis data centers,” said Scott Peterson, Digital Realty’s Chief Investment Officer. “We also thank our operations team in St. Louis as well as the acquisitions team, who worked seamlessly with Netrality to facilitate the transaction and deliver on our capital recycling commitments.”
CitiBank provided debt financing on the acquisition, and Ropes & Gray LLP was Netrality’s legal counsel on the acquisitions. Michael Hochanadel, Managing Director with JLL Capital Markets, represented Digital Realty on the transaction.