RadiusDC, a data center company launched by IPI Partners, LLC in 2022, announced on August 13 that it has acquired Miami I, a data center in Sweetwater, Florida, from the Actis company NextStream.
The carrier-neutral facility, a two-story building with approximately 170,000 square feet of data center space, can support more than 15 total megawatts (MW) of critical IT power capacity and offers connectivity to South American and European markets.
RadiusDC reports that it will make more investments in the center to expand the site’s IT power capacity from 3.2 MW to 9.2 MW.
RadiusDC CEO Mike Krza said in a press release, “We believe Miami I is an ideal asset to expand the geographic reach of our connectivity-focused platform given the strength of its existing network and immediately available growth potential. We are excited to deliver new strategic data center capacity in the South Florida market over the coming year.”
Mauricio Giusti, partner at Actis, said in the same press release, “Data centers are crucial in connecting communities, enabling economic growth, and in providing access to information and education. With this sale, we have found a strong buyer in RadiusDC, and we look forward to seeing Miami I grow under its new ownership as NextStream continues to focus on the rapidly expanding Latin American market.”
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Hayden Beeson
Hayden Beeson is a writer and editor with over seven years of experience in a variety of industries. Prior to joining Lightwave and Broadband Technology Report, he was the associate editor of Architectural SSL and LEDs Magazine.