2.2 Million Square Feet of New and Salable Wholesale Data Center and Office Space now Spans Prime Geographic Markets
Fortune Data Centers, a leading developer, owner and operator of data centers, announced today that it and the Dallas Infomart, both wholly-owned by the ASB Allegiance Real Estate Fund, have combined their resources and assets under a single operating company, which will be led by the Fortune Data Centers’ management team. One of the nation’s largest data center and technology office buildings, the Dallas Infomart is also one of the most interconnected buildings in the world. Effective immediately, the new company name is “Infomart Data Centers,” which leverages the iconic building’s national name recognition. The new brand ensures customers that they can expect the same level of consistent excellence across all Infomart Data Centers facilities, as well as a continued commitment to industry-leading innovation that raises the bar on up-time reliability and performance. In a related news announcement, ASB Allegiance Real Estate Fund, a $3.9 billion core real estate vehicle, issued its own press release that can be read here.
Additionally, the company announced that it will open up a fourth facility in Ashburn, Virginia in 2015. The company recently closed on the purchase of a facility formerly owned by AOL in Ashburn’s “data center alley” and will perform a major renovation to add capacity and update the facility to the standards of a modern, high-density data center. The expansion gives Infomart Data Centers a national presence with facilities now in Silicon Valley, Portland, Dallas, and Ashburn. The extended footprint sets a strong national foundation for anticipated future growth from existing tenants, new customers, and the hiring of additional staff.
“Our customers wanted us in more locations and now we are in four of the most important markets in the country. We are now positioned to serve the dynamic needs of our existing and future customers, who are often looking for extended location options with a trusted, highly capable provider,” stated John Sheputis, President of Infomart Data Centers. “As we expand to new geographic locations, our customers can continue to depend on our consistent excellence and reliable, responsible, best-in-class management that they have come to expect.”
With more than 2.2 million square feet of wholesale data center and office space and 100 megawatts of available power, Infomart Data Centers serves the IT needs of some of the most trusted U.S. brands, which span industries in networking, banking, gaming, Internet hosting, and government.
According to Gartner forecasts, the data center market will grow four percent to $156 billion in 2014. Growth is being fueled by increasing IT capacity requirements combined with reduced budgets and the need to access new technologies, according to another report released earlier this year by DCD Intelligence.
About ASB Real Estate Investments
ASB Real Estate Investments (ASB), a division of ASB Capital Management, LLC, is a leading U.S. real estate investment management firm, managing $5.0 billion* in gross assets under management for over 285 institutional clients. Headquartered in Washington DC, ASB invests in major urban markets across the country, concentrating in office, multifamily, retail and industrial properties. ASB manages the ASB Allegiance Real Estate Fund, its sole vehicle for core investing, as well as the ASB Meridian Real Estate Fund, a low-leverage opportunistic vehicle, and a development separate account. For more information about the company, visit www.asbrealestate.com (*as of 6/30/2014)
About Infomart Data Centers
Founded in 2006, Infomart Data Centers (formerly Fortune Data Centers) is an award-winning, industry leader in building, owning and operating highly efficient, cost-effective wholesale data centers. Each of its national facilities meet or exceed the toughest industry standards for data centers in all operational categories of availability, security, connectivity, and physical resilience. Recognized for its consistent excellence, Infomart Data Centers is committed to maintaining its reputation of reliability and responsible, best-in-class management and operations.