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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