Data center company
BYTEGRID has announced the acquisition of Cleveland Technology Center (CTC). The company, whose business activities include acquiring, developing and operating wholesale data centers across the United States, purchased CTC as it leads the data center and secured telecommunications market in Cleveland, Ohio.
CTC is located on one of Ohio's largest fiber point of presence (POP) sites and is one of Cleveland’s most fiber-connected facilities. It offers 333,215 square feet of data center space and it is regarded as one the premier data centers in the Cleveland area.
BYTEGRID's new facility is powered by two utility substations offering 20 MVA power feeders. Around half the facility is already leased by a number of companies, including Internet and communications service providers and government agencies. It is located close to Cleveland’s “Health-Tech Corridor” which has seen around $4 billion of real estate investment in recent years. BYTEGRID plans to develop 30,000 square feet of vacant Tier III space in the center, with additional expansion planned for the future.
BYTEGRID’s current expansion strategy focuses on "underserved markets" and Cleveland proved attractive because more than one hundred Fortune 500 companies in a range of sectors (including the finance, healthcare and high-tech sectors) are located in the area. In addition, there is limited wholesale data center space available in Cleveland, despite strong requirement. Designated as "New Enterprise Zone", the area offers low cost commercial power sources and excellent fiber network connectivity. The area is also strategically located close to major business centers including Chicago and New York.
Including its recent acquisition, BYTEGRID now operates three data centers. Combined they offer in excess of 625,000 square feet of wholesale data center space. Last year the company acquired a 77,322 square foot facility in Alpharetta, Georgia, and previously expanded its 214,000 square foot Silver Spring facility in Maryland.
“Cleveland is a perfect match for BYTEGRID’s national expansion strategy focused on unleashing data center capacity in underserved areas of major markets,” explained BYTEGRID's CEO, Kenneth Parent. “Vibrant business expansion and investment, along with market changing development projects, are taking place all around Cleveland’s CBD and midtown health-tech corridor. BYTEGRID plans to further improve and expand the CTC making it the primary provider of capacity and connectivity in Cleveland, as well as an ideal disaster recovery location for Midwest and East Coast markets such as Chicago and New York.”
Do you know of any other companies purchasing data centers? Let us know the details. Add your comments below.
