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Ascent, TowerBrook Capital team in data-center sale-leaseback deals

 

Ascent, a leading provider of comprehensive data center solutions, today announced that, in partnership with TowerBrook Capital Partners, it has completed the purchase of two enterprise-grade data centers located in the Greater Atlanta and Toronto markets.

 

Ascent and the seller, a global technology company, have entered into partial leasebacks for data center space at the properties, known as Ascent ATL1 and Ascent TOR1 Data Centers.

 

The sale leaseback arrangement enables the customer to focus on its core business and provides them a partner in their data center facility operations, while at the same time allowing Ascent to bring additional high quality, purpose-built assets to market under its growing data center portfolio.

 

This strategic acquisition increases Ascent’s ability to immediately serve clients, offering new tenants the opportunity to step into enterprise-grade data center facilities in major markets. These facilities are exceptional assets, well suited for cloud and edge deployments with plug and play data center space immediately available and line of sight to substantial growth on the properties.

 

ATL1 currently has up to 8.1 MW of critical power and is expandable up to 14 MW, and TOR1 will have up to 4.8 MW of critical power available in the 2nd quarter of this year with the overall site capable of expanding up to 75+ MW. Similar to Ascent’s data centers in Chicago and Dallas, both Atlanta and Toronto are equipped with significant security characteristics, concurrently maintainable infrastructure for 100 percent uptime, and other site-specific features.

 

“This acquisition is a perfect complement to Ascent’s solutions set and its ability to deliver quickly on complex customer data center challenges. Similar to other data center owners, this customer was reevaluating its real estate portfolio and operational needs. Our team and partners were able to put forth an action plan that enabled us to execute on this international transaction on a compressed timeline,” said Phil Horstmann, CEO of Ascent. “We look forward to working with our customer and bringing these enterprise-grade facilities and their respective data center capabilities to market for additional tenants.”

 

Ascent serves global clients with its data center facilities and critical infrastructure services, including 24x7 Critical Facility Operations, Ascent’s Navigator Platform, Engineering & Construction Services, IT Site Services, and related services.

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