22 February 2018
| Natalie Bannerman
GI Partners, the private investment firm, has acquired 492 River Road in Nutley, New Jersey.
The mission critical facility totals nearly 130,000
square feet and was fully renovated in 2000 and was further
updated in 2009. As a result it benefits from robust
infrastructure, significant connectivity with access to 13
telecommunications providers in two meet-me-rooms, plus an
expandable onsite substation.
BT Americas leases the entire property on a long terms basis
offering services which includes disaster recovery, cloud and
managed services solutions. In addition, 492 River Road is one
of the core BT Radianz Compute locations, where the company
hosts and manages platforms for its capital markets customers.
These platforms are part of the BT Radianz Cloud, which
supports a global community of thousands of financial markets
institutions and over 400 service providers.
"We are very pleased to form a long-term relationship with
BT," said Michael Wong, director of GI Partners and co-head of
acquisitions for GI’s technology real estate
investment programs. "BT’s recent long-term lease
extension and its focus on continuing and expanding its service
offerings to a wide range of clients in its Nutley location
make it a very attractive addition to our technology-advantaged
real estate portfolio."
The purchase adds to GI Partners’ growing
portfolio of data centres that it owns and manages. It now
stands at a total of 22 properties comprising 5.3 million
square feet across 13 different leading data centre
In January, the firm acquired the Ericsson ICT Data Centre
in Montreal, Quebec from Ericsson. The building comprises of
215,000 sq ft of turnkey data centre and space and according to
the company, can accommodate its growth and expansion.
Last year, GI Partners acquired Seattle-based carrier hotel and
data centre facility KOMO Plaza for an estimated $276
million. The two-building campus, situated at 100 and 140
Fourth Avenue North in Seattle, Washington, combines data
centre, network neutral interconnections and an office,
offering a robust infrastructure across 294,000 sq ft.