Friday, June 20, 2014

Navy Yard data center sold to St. Louis chain



TierPoint LLC, St. Louis, says it has purchased Philadelphia Technology Park LLC, which operates the busy Navy Yard-based data center serving Penn Medicine, Jefferson Health, and law and financial firms around the city with high-speed data service from Verizon, Comcast and other industrial data carriers (as I noted here last year), for an undisclosed price. Liberty Property Trust remains the building's owner, confirmed Liberty spokeswoman Jeanne Leonard.

The center was built for $25 million with help from government loans, by the former Philadelphia Stock Exchange, which no longer needed the facility after its 2007 sale to the Nasdaq stock market. The site will immediately be renamed for its new owner, the buyer said in a statement.

TierPoint, known as Cequel Data Centers before its management-led, private-equity-funded buyout last year, has other data centers in Seattle, Spokane, Dallas, Oklahoma City, Tulsa, and Baltimore totalling 141,000 sq. ft., including the Philadelphia center at 27,000 sq. ft. The Philadelphia center is served by Verizon, Comcast and other data systems, enabling clients to buy service competitively.

TierPoint officials weren't immediately available for comment on what they plan to change.

Source: Philly.com

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