GI Partners, a leading private investment firm, announced the acquisition of two technology intensive properties from the global tech giant NTT DATA located in Plano, Texas, and Quincy, Washington. The newly acquired properties will be added to the technology real estate portfolios owned and managed by GI Partners and its affiliates. The firm has been investing in the infrastructure of technology and now has 33 properties in 14 markets.
The Plano property is an infrastructure-rich corporate headquarters campus. It has two data center facilities. The private equity firm informed that the data center would be leased back to NTT DATA on a long-term basis. Besides data centers, the property that covers over one million square feet of space has leasable office space. Also, it has an owned, expandable on-site substation, facilitating market-advantaged power rates and further data center development. Japan-based NTT Data has its North American headquarters in Plano at the Legacy business park.
"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," said Mike Armstrong, Director of GI Partners and head of acquisitions for its technology real estate investment programs.
Along with NTT Data's Plano property, San Francisco-based GI Partners also acquired an NTT Data data center in Quincy, Washington. The property covers approximately 180,000 square feet. It has robust, redundant infrastructure including 14 MW of gross utility power. This data center will also be leased back to NTT on a long-term basis.
"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," said Mike Armstrong.
GI Partners has an extensive track record of investing in technology infrastructure. It has recently acquired Single Digits Inc and NIH Research Labs in Rockville, Maryland.