Company pivoting from leased to owned facilities.
US operator Flexential has acquired two data centers it was previously leasing around Atlanta, Georgia.
This week, the company announced it had closed its acquisition of two of its Atlanta-based locations, Douglasville 2 and Norcross.
The company did not share terms or details of the sellers, but the announcement confirms Flexential as the buyer of the Norcross facility after the site’s owner, Mapletree, announced its sale to an unnamed buyer last week.
The purchases give Flexential full ownership of its Atlanta data center footprint, which also includes Douglasville 1, acquired in 2023, and Alpharetta.
The company said this portfolio-wide transition from leasing to ownership allows the company to “make long-term infrastructure investments and deliver consistent service to its customers while offering greater operational agility.”
"Atlanta data center capacity is in great demand, and owning these facilities strengthens our ability to provide long-term reliability and scalability across the Southeast and beyond," said Ryan Mallory, president and COO of Flexential. "Full control of our infrastructure real estate enables us to continue to invest in enhancements, ensure pricing stability, and reinforce our commitment to secure, high-performance solutions for our customers."
Douglasville 2, at 1750 N. River Road, is a 358,000-square-foot (33,260 sqm) facility offering 36MW of capacity. Plans for the facility were first announced in July 2023.
Norcross, located at 2775 Northwoods Parkway, offers 1.8MW across 32,740 sq ft (3,042 sqm). It provides access to more than 80 carriers. Flexential has occupied the site since its Peak 10 days – first announcing plans to launch a facility in Norcross back in 2007.
The facility was one of 14 US data centers Mapletree Industrial Trust acquired from Sila Realty Trust (formerly Carter Validus Mission Critical REIT) in 2017. Carter Validus bought the site in 2012 for $5.3m; Mapletree last week announced it had sold the site for $11.8 million but didn't reveal the buyer.
GI formed Flexential in 2017 after merging Peak 10 and ViaWest. GI acquired Peak 10 back in 2014. Morgan Stanley is also an investor. Today, Flexential operates 40 data centers across 18 US markets and has more than 330MW of built and under-development capacity.
Company pivoting from leased to owned facilities.US operator Flexential has acquired two data centers it was previously leasing around Atlanta, Georgia.
This week, the company announced it had closed its acquisition of two of its Atlanta-based locations, Douglasville 2 and Norcross.The company did not share terms or details of the sellers, but the announcement confirms Flexential as the buyer of the Norcross facility after the site’s owner, Mapletree, announced its sale to an unnamed buyer last week.
The purchases give Flexential full ownership of its Atlanta data center footprint, which also includes Douglasville 1, acquired in 2023, and Alpharetta.
The company said this portfolio-wide transition from leasing to ownership allows the company to “make long-term infrastructure investments and deliver consistent service to its customers while offering greater operational agility.”
"Atlanta data center capacity is in great demand, and owning these facilities strengthens our ability to provide long-term reliability and scalability across the Southeast and beyond," said Ryan Mallory, president and COO of Flexential. "Full control of our infrastructure real estate enables us to continue to invest in enhancements, ensure pricing stability, and reinforce our commitment to secure, high-performance solutions for our customers."
Douglasville 2, at 1750 N. River Road, is a 358,000-square-foot (33,260 sqm) facility offering 36MW of capacity. Plans for the facility were first announced in July 2023.
Norcross, located at 2775 Northwoods Parkway, offers 1.8MW across 32,740 sq ft (3,042 sqm). It provides access to more than 80 carriers. Flexential has occupied the site since its Peak 10 days – first announcing plans to launch a facility in Norcross back in 2007.
The facility was one of 14 US data centers Mapletree Industrial Trust acquired from Sila Realty Trust (formerly Carter Validus Mission Critical REIT) in 2017. Carter Validus bought the site in 2012 for $5.3m; Mapletree last week announced it had sold the site for $11.8 million but didn't reveal the buyer.
GI formed Flexential in 2017 after merging Peak 10 and ViaWest. GI acquired Peak 10 back in 2014. Morgan Stanley is also an investor. Today, Flexential operates 40 data centers across 18 US markets and has more than 330MW of built and under-development capacity.
