INAP Closes Sale of Houston Colocation Business to Netrality Data Centers
June 02 2020 - 8:00AM
Internap Holding LLC (“INAP”), a leading-edge provider of
high-performance colocation, cloud and network services,
today announced that it has closed the sale of
its data center facilities located at 1301
Fannin Street in Houston, Texas to an affiliate of the
building’s current owner, a subsidiary of
Netrality Properties, LP (“Netrality Data Centers”), a
premier interconnected data center and meet me room provider.
Through a reseller agreement with Netrality Data
Centers, INAP will continue to
provide network services in the building, serving
existing and potential future customers, and will become a
customer of Netrality Data Centers going forward
with respect to its network point of presence
(“POP”). Netrality Data Centers will provide on-premise
colocation services including: space, power and connectivity at the
Houston data center.
“We are pleased to announce the sale of our Houston
colocation business to Netrality. Our colocation
customers will be in great hands, as Netrality continues
to invest in the building. The sale makes
good sense for us right now, as we streamline
our portfolio to position ourselves for organic
growth,” said Mike Sicoli, President
and Chief Executive Officer of INAP.
“We are excited about the acquisition of INAP’s colocation and
meet-me-room assets at 1301 Fannin. The synergies between our two
ecosystems of service providers will create seamless connectivity
options for our customers, enriching the interconnectivity of our
Houston data center,” said Gerald Marshall, Chief Executive Officer
at Netrality Data Centers. “INAP’s space can accommodate
higher-density requirements which nicely complements our existing
colocation space and allows us to cater to a wider range of
customers.”
Bank Street Group LLC served as
exclusive financial advisor and Jenner & Block
LLP served as legal counsel to INAP on this transaction
and Kurtz & Revness, P.C. served as legal counsel to Netrality
Data Centers.
About Netrality Data
Centers
Netrality owns and operates strategic
interconnected data centers and meet me rooms, providing a mix of
colocation, powered shell and wholesale data center solutions
driven by fiber-dense, network-rich interconnection
environments. Netrality today has over 3 million square
feet and 100 megawatts of capacity across six strategic data
centers in five markets: 210 North Tucker and 900 Walnut in St.
Louis, Missouri, 1102 Grand in Kansas City, Missouri, 1301 Fannin
in Houston, Texas, 401 North Broad in
Philadelphia, Pennsylvania, and 717 South Wells in
Chicago, Illinois. For more information, visit
www.netrality.com.
About INAP
INAP is a leading-edge provider
of IT infrastructure solutions. INAP’s full-spectrum
portfolio of high-density colocation, managed cloud hosting and
network services supports evolving infrastructure
requirements for customers ranging from the Fortune 500 to emerging
startups. For more information,
visit www.INAP.com.
Media Contacts
Matt ToomeyScratch M+Mnetrality@scratchmm.com
Ryan HuntINAP rhunt@inap.com
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