Netrality Properties buys St. Louis carrier hotels from Digital Realty

Carrier-neutral colocation and carrier hotel services provider Netrality Properties says it has expanded its footprint into St. Louis by acquiring a pair of facilities from fellow facilities operator Digital Realty. The sites include the 400,000-square-foot building at 210 N. Tucker and a 100,000-square-foot building at 900 Walnut.

Netrality further secured the 210 N. Tucker facility by buying a colocation business 365 Data Centers had operated there. Terms of the various deals were not disclosed. CitiBank provided debt financing on the acquisition.

Both facilities offer carrier-neutral, building-owned and managed Meet-Me Rooms (MMRs). 210 N. Tucker and 900 Walnut offer access to more than 40 network operators each, providing gateways to long-haul fiber in the region. Netrality plans to integrate the operations of the two buildings along with the 365 Data Centers business under common management.

"The acquisition of this portfolio enhances Netrality's growing national footprint," said Gerald M. Marshall, Netrality's president and CEO. "St. Louis is a key interconnection point for carriers, service providers and enterprise customers in the region. It was a pleasure working with Mike Darragh and the entire Digital Realty team on this transaction, and we look forward to building on their tremendous legacy in St. Louis."

Netrality Properties began operation in early 2015 (see "Netrality Properties to offer meet me rooms with no monthly cross-connect charges"). The St. Louis acquisitions brings the number of facilities it owns to seven. The others include 325 Hudson in New York City (owned in a joint venture with Jamestown), 1102 Grand in Kansas City, 717 S Wells in Chicago, 1301 Fannin in Houston, and 401 North Broad in Philadelphia.

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