IPI Partners acquires network-centric DC in Colorado

IPI Partners acquires network-centric data centre in Colorado

15 December 2021 | Natalie Bannerman

Cover

Global investment firm IPI Partners (IPI) confirms that one of its affiliates has acquired a carrier hotel and data centre in the Western US region, for an undisclosed sum.

The 1500 Champa building located in Denver, Colorado, is a three-story building with delivering approximately 138,000 sqft of data centre and office space, with the potential to support approximately 10MW of power capacity.

The facility also houses a significant “meet-me-room” that offers robust and scalable connectivity to 15 fibre optic and network service providers. Also, as one of two primary carrier-neutral telecoms-focused data centres in downtown Denver the site serves as a network hub for the Rocky Mountain region and wider US.

IPI says it will further invest in 1500 Champa to bolster its connectivity ecosystem, while developing significant colocation capacity. The first phase of construction is expected to be completed by Q4 2022.

“We believe that 1500 Champa is an ideal asset to anchor IPI’s connectivity-focused platform given the strength of the existing network and immediately-available growth potential," said Christopher Jensen, managing director of IPI.

"We are excited to deliver new strategic data centre capacity in the Denver market over the next year.”

IPI is partnering with Mike Krza, to assist with operating the facility and expanding the data centre footprint. To the role, Krza brings decades of experience in digital infrastructure strategy and operations and will work with IPI in developing its connectivity-focused platform expansion into other markets across the US. Previously, Krza held COO and CFO roles at Flexential and its predecessor entity, ViaWest.

"Mike brings extensive knowledge and experience to this asset," said Jensen.

"We look forward to working with him on future investments in additional near-edge, urban connectivity assets as part of our strategy to provide cloud and network-focused end users with mission-critical data centre capacity and connectivity.”

“I am excited to work with the IPI team to solve customers’ network-centric facility needs throughout Denver and the broader United States," added Krza.

"IPI is well positioned to expand its data centre footprint closer to the ‘edge’ and highly-connected population centres with 1500 Champa and subsequent investments.”