Netrality Properties Trust
 Strategic interconnected data centers | |
| Privately held company | |
| ISIN | 🆔 |
| Industry | Real Estate Investment Trust |
| Founded 📆 | 2012 |
| Founder 👔 | |
| Headquarters 🏙️ | , , United States |
Area served 🗺️ | |
Key people | Gerald M. Marshall (Founder) Joshua W. Maes (Founder) |
| Products 📟 | Data Centers |
| Members | |
Number of employees | |
| 🌐 Website | netrality.com |
| 📇 Address | |
| 📞 telephone | |
Netrality Properties, also known as “Netrality Data Centers” is a private, non-traded, Real estate investment trust that invests in and operates network neutral data centers, also known as carrier hotels, and provides Internet connection, colocation and related services. As of December 31, 2017, the company owned 6 operating data centers in 5 U.S. markets comprising 3.4 million square feet. The properties are in Chicago, Houston, Kansas City, Philadelphia, and St. Louis. On September 9, 2019, it was announced that Macquarie Infrastructure Partners IV had acquired Netrality Data Centers.
History[edit]
Founded in 2012 by Jerry Marshall and Josh Maes of Amerimar Enterprises, Inc., the company was re-branded as Netrality Properties in 2015.[1]
The company set out with the core principle of owning all of its data center properties, and strict adherence to the ownership model of core interconnection data center properties.[2] The firm also focused on expanding through acquisition of existing network traffic exchange points.
In April 2017, the company announced it had closed on a $325 million debt financing that rated the company’s debt as Investment Grade. In October 2019, Netrality announced the closing of $75 million worth of privately placed investment grade-rated Senior Secured Notes with staggered terms of 5 and 7 years, pari-passu with the $325 million issued in April 2017. Net proceeds from the notes were used to pay off remaining third-party mortgages and for general corporate purposes.
Expansion[edit]
In October 2012, Netrality acquired a data center building at 1102 Grand Ave in Kansas City, Missouri.[3] The 26-story, 194,000-square-foot property is the leading network-neutral data center and interconnection facility in Kansas City.[4]
In March 2014, Netrality acquired 401 North Broad in Philadelphia, Pennsylvania. The 11-story, 1.3 million-square-foot property—originally known as the Terminal Commerce Building—now serves as one of the largest interconnection and colocation facilities on the east coast of the United States and a major junction for the north-south domestic fiber routes on the east coast.[5][6] The property is considered the most fiber-dense, network neutral facility between New York and Virginia.[7] In April of 2019, Netrality announced that NYIIX, one of the largest neutral internet exchanges (IX) in the world, has expanded its fabric deployment to its 401 North Broad facility in Philadelphia.[8][9]
In October 2014, Netrality acquired 717 South Wells in Chicago, Illinois. Located in the South Loop of Chicago, 717 South Wells is a gateway to the local fiber backbone in Chicago as well as a primary access point for long-haul fiber in the region.[10]
In February 2015, Netrality purchased 1301 Fannin in Houston, Texas. Houston is a critical location for network operators due to its proximity and direct network access to Mexico.[11] 1301 Fannin lies in the center of the city’s business district and has extensive long-haul carrier presence and interconnection infrastructure.[12] Netrality received positive press coverage in the aftermath of Hurricane Harvey in 2017 after its customers experienced uninterrupted service through the historic storm.[13]
In July 2016, Netrality purchased 900 Walnut and 210 North Tucker in St. Louis, Missouri, from Digital Realty Trust[14][15] and in a related transaction, Netrality purchased an operating business located at 210 North Tucker from 365 Data Centers.[16] The 100,000-square-foot building at 900 Walnut and 400,000-square-foot building at 210 North Tucker comprise a mid-western network hub, interconnected by a fiber-optic loop that runs through the city and a direct network link between the two buildings.
Macquarie Partnership[edit]
On September 9, 2019, Macquarie Infrastructure Partners IV, a subsidiary of Macquarie Group, acquired Netrality Data Centers. Macquarie Infrastructure and Real Assets (MIRA), in partnership with the Netrality Data Centers management team, acquired Netrality from funds managed by Abrams Capital Management. This announcement was made as Macquarie Infrastructure Partners completed their acquisition of Bluebird Network.[17] [18] [19] [20] [21] [22] [23]
See also[edit]
References[edit]
- ↑ "Amerimar and Hunter Newby launch Netrality Properties". Data Center Dynamics. Retrieved 2018-12-27.
- ↑ "Carrier Hotels Are Sexy Again". Data Center Frontier. 2015-12-14. Retrieved 2018-12-27.
- ↑ "Kansas City Data Hub 1102 Grand Acquired by Amerimar". Data Center Knowledge. 2012-10-23. Retrieved 2018-12-27.
- ↑ "Carrier hotel's location is a key to its success". BizJournals. Retrieved 2018-12-27.
- ↑ "Indestructible At Broad And Callowhill". Hidden City Philadelphia. Retrieved 2018-12-27.
- ↑ "401 North Broad, Philadelphia | Netrality". Netrality Data Centers. Retrieved 2018-12-27.
- ↑ "401 N. Broad in Center City sells to Amerimar Partners". BizJournals. Retrieved 2018-12-27.
- ↑ "NYIIX expands exchange interconnectivity to Philadelphia". Optical Connections. Retrieved 2019-06-27.
- ↑ "NYIIX Expands Interconnectivity To Netrality Facility In Philadelphia". Data Economy. Retrieved 2019-06-27.
- ↑ "717 South Wells, Chicago | Netrality". Netrality Data Centers. Retrieved 2018-12-27.
- ↑ "Netrality buys 25-storey Houston data center". Data Center Dynamics. Retrieved 2018-12-27.
- ↑ "1301 Fannin, Houston | Netrality". Netrality Data Centers. Retrieved 2018-12-27.
- ↑ "How Houston's Data Centers Weathered the Storm". Data Center Frontier. 2017-08-31. Retrieved 2018-12-27.
- ↑ "Two of St. Louis' biggest data centers sold to New York firm Netrality Properties". BizJournals. Retrieved 2018-12-27.
- ↑ "Netrality Acquires St. Louis Properties from Digital Realty". Data Center Frontier. 2016-07-19. Retrieved 2018-12-27.
- ↑ "Netrality acquires downtown St. Louis data centers". St. Louis Post-Dispatch. Retrieved 2018-12-27.
- ↑ "Macquarie Infrastructure Partners Buys Netrality Data Centers". CRN. 2019-09-04. Retrieved 2020-01-02.
- ↑ "Macquarie in New Deal Data". Real Estate Weekly. 2019-09-09. Retrieved 2020-01-02.
- ↑ "Macquarie Infrastructure Partners Acquires Netrality". Capacity Media. 2019-09-09. Retrieved 2020-01-02.
- ↑ "Macquarie to Bankroll 'Ambitious Expansion' by Netrality Data Centers". Data Center Knowledge. 2019-09-05. Retrieved 2020-01-02.
- ↑ "Macquarie Infrastructure Fund Invests In US Data Centre Business". IPE Real Assets. 2019-09-05. Retrieved 2020-01-02.
- ↑ "Macquarie Strikes Again, Buys Netrality". Telecom Ramblings. 2019-09-04. Retrieved 2020-01-02.
- ↑ "It's Official: Macquarie Buys Netrality Network of Carrier Hotels". Data Center Frontier. 2019-09-04. Retrieved 2020-01-02.
External links[edit]
This article "Netrality" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Netrality. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
