36.3 F
Fort Worth
Friday, December 4, 2020
Real Estate QTS completes purchase of data center in Fort Worth

QTS completes purchase of data center in Fort Worth

Other News

A look at big issues on Supreme Court’s agenda

Some of the issues either already on the Supreme Court's docket when it begins its new session or likely to be before the justices...

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad rally Monday, clawing back much of...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors. But Tarrant...

Commentary: Universities and COVID-19: Charting turbulent times

Ray Perryman As the COVID-19 pandemic emerged this spring, college campuses across the United States swiftly sent students home in droves and switched to...

QTS Realty Trust has completed the purchase of a 260,000 square foot data center in Fort Worth from Health Care Service Corp. (HCSC).

The facility becomes QTS’ second mega data center in the broader Dallas-Fort Worth market. . The connectivity-rich facility is carrier-neutral with 12 carriers and is situated adjacent to a number of other large enterprise and technology company-owned data center facilities including a one million square foot data center operated by one of the largest social media companies in the world, according to a news release from QTS Realty.

Overland Park, Kansas-based QTS purchased the existing 8 gross megawatt facility for approximately $50 million which represents an upfront cost per megawatt of approximately $6 million. The facility currently features 40,000 square feet of built-out raised floor available today and 8 megawatts of gross power with powered shell that is able to support total capacity of approximately 80,000 square feet of raised floor. Ultimately, including adjacent land, the site can support a total of more than 300,000 square feet of raised floor and 60 megawatts of gross power. QTS has financed this transaction through its revolving credit facility, according to its press release.

“Our success in one of the nation’s largest Tier 1 markets is a testament to the value our customers are seeing in our fully integrated platform,” said Chad Williams, chairman and CEO – QTS. “We are excited about our ability to quickly expand and meet the growing needs of current and new customers in another state-of-the-art facility.”

www.qtsdatacenters.com/


close






Oh hi there 👋 It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Dallas park to get $10M iconic fountain

Dallas’ Klyde Warren Park announced a $10 million gift will fund construction on a next-generation, interactive “super fountain.” The fountain is funded by a $10...

Robert Francis: Picturing City Hall

You can’t fight City Hall goes the old saying, but you can replace it. Fort Worth officials on Dec. 2 announced plans to purchase the...

Hewlett Packard Enterprise to move headquarters to Texas

SPRING, Texas (AP) — Tech giant Hewlett Packard Enterprise said it is moving its global headquarters to the Houston area from California, where the...

Phishing ploy targets COVID-19 vaccine distribution effort

BOSTON (AP) — IBM security researchers say they have detected a cyberespionage effort using targeted phishing emails to try to collect vital information on...

Chinese moon probe begins return to Earth with lunar samples

BEIJING (AP) — A Chinese lunar probe lifted off from the moon Thursday night with a cargo of lunar samples on the first stage...