Since no one enjoys having a landlord.
IT Service Provider New Continuum Data Centers has obtained the information centre that it was utilizing from its prior owner, CenterPoint Properties. New Continuum started renting the building in 2013, redeveloping the site in the course of 2 years that it could encourage colocation services. Last year, the business expanded further, adding 350 tons of additional capacity. Real Estate Loan Bridge and investor Post Road Group provided the senior debt financing for the acquisition.
– Continue on.
We’re excited about providing New Continuum capital to finance the acquisition of this information centre.
We anticipate working with the new continuum staff as they continue to perform their business plan, Jason Carney, Managing Director of the Post Road Group, said. Eli D. Scher – founder, president and Chief executive officer of New Continuum – added: That is a significant milestone for New Continuum. Whenever we started this re development project, it was always our goal to possibly own the underlying real estate asset as well. With this transaction completed, we are now able to start the next chapter of New Continuum’s evolution as owner and operator of the critical information centre. The centre totals 80, 000 square feet, of which half is raised floor area. The business offers complete and partial racks in either N or 2N power configurations, single phase or three phase, with densities in excess of 20 kW/rack. New Continuum seems to be targeting not only the traditional data centre clients, but additionally blockchain business, joining the Enterprise Ethereum Alliance and imagining in a latest blog article that blockchain applications shouldn’t be seen negatively as detracting from a data centre’s value, but rather positively as defining it. If colocation suppliers could be flexible to provide low power resiliency, in high density footprints, it is going to be more easily consumable by blockchain applications.