In conjunction with the transaction, Digital Realty Trust has retained a 35% interest and will continue to manage the day-to-day operations of the properties. The two properties have approximately 67 megawatts of IT capacity, serving a mix of hyperscale, enterprise and carrier customers.
“We are excited to announce the formation of a joint venture with one of the leading data center operators in the world and a company that GI Partners helped launch in 2001,” said Rick Magnuson, Founder and Executive Managing Director at GI Partners. “We look forward to our renewed partnership with Digital Realty and growing these assets alongside their team.”
John Sheputis, Managing Director and Head of the ETS Fund, said, “These properties were designed to serve today’s increased dense computer customer requirements and have been exceptionally maintained by a world-class team.” Rahul Chandiok, Principal, added, “The properties are able to provide efficient, high-density solutions for artificial intelligence and machine learning deployments while also providing low-latency connectivity to the Midwest market and to other major data center clusters.”