GI Partners buys Texas, Washington data centers from NTT DATA

Private investment firm GI Partners says it has purchased data centers in Plano, TX, and Quincy, WA, from NTT DATA. Terms of the deal were not disclosed.

Private investment firm GI Partners says it has purchased data centers in Plano, TX, and Quincy, WA, from NTT DATA. Terms of the deal were not disclosed.

GI Partners and its affiliates now manage 33 tech-related properties comprising 8.3 million square feet in 14 markets (see, for example, “Shaw sells ViaWest to Peak 10 for C$2.3 billion”).

The company describes the site in Plano as “an infrastructure-rich corporate headquarters campus.” The campus has more than a million square feet of space, including two data center facilities that GI Partners will lease back to NTT DATA. The site also includes leasable office space and an owned, expandable on-site power substation that should provide additional data center development opportunities.

The Quincy facility is a data center, built in 2012, that GI Partners will lease back to NTT as well. The property, which is approximately 180,000 square feet, offers redundant infrastructure including 14 MW of gross utility power.

“We look forward to continuing our relationship with NTT DATA and expanding our data center footprint in the Dallas metroplex, which continues to be a very attractive market with increasingly attractive demand prospects,” commented Mike Armstrong, director of GI Partners and head of acquisitions for its technology real estate investment programs. “Quincy is unique given the 100% ‘green’ hydroelectric power and emerging profile as a destination for large footprint data center users. Furthermore, because of the lease-back options, NTT DATA will be able to continue using the data centers without changes for their clients.”

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