EQT Is in Talks to Buy Data-Center Firm EdgeConneX for $2.5 Billion
— With assistance by Kiel Porter, and Nabila Ahmed
"EQT AB, the Nordic buyout firm, is in talks to buy data-center company EdgeConneX, according to people familiar with the matter. EQT is discussing buying the Herndon, Virginia-based company from investors including Providence Equity Partners in a deal worth at least $2.5 billion, said one of the people, who asked to not be identified because the matter isn’t public
> Representatives for EQT and Providence Equity declined to comment.
> A representative for EdgeConneX didn’t immediately respond to a request for comment.
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| Notice the Site Selection adjacent to 5,300-acre Eastmark |
> Equinix Inc. agreed this month to buy Mexican telecom firm Axtel SAB’s data centers.
> CyrusOne Inc., another data-center company exploring a sale, has drawn interest from a bidder group including KKR & Co., Stonepeak Infrastructure Partners and I Squared Capital, Bloomberg News reported in August.
EQT, founded in 1994, has 40 billion euros ($44 billion) in assets under management, according to its website. It went public last month
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Background Narrative
General Information:
Edge Data Center Locations | EdgeConneX
https://www.edgeconnex.com › edge-data-center-locations
Salt Lake City
2302 Presidents Drive Suite A/B
Salt Lake City , UT 84120.
AT&T, CenturyLink, Comcast, Integra, Level 3, Utopia, Verizon, Windstream, XO and ...
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... Sunbelt Investment Holdings is paying $18.835 million to acquire the 203-acre tract, which is at the northeast corner of Elliot and Ellsworth roads
The site is also bound on the east by Sossaman Road, vacant agricultural property and a house of worship, on the south by Elliott Road and agricultural property that is still in Maricopa County and on the west by the RWCD canal and vacant agricultural property. At the far northwest corner of the site is the Gilbert Public Schools transportation operations center.(Blogger Note: See other location markers)
"Pew & Lake, PLC is pleased to provide this project narrative and related materials to the City of Mesa in support of the proposed Red Hawk Employment Opportunity District (RHEOD).
> Existing Site Conditions/Topography
The site is presently vacant, having previously been used for agricultural purposes.
It is mostly flat and unremarkable in its topography
Item 4-e: 187 acres
to create the Red Hawk Employment Opportunity Zone
Project Red Hawk
Employment Opportunity District Project Narrative [7 Pages]
Revised February 19, 2019
to create the Red Hawk Employment Opportunity Zone
Project Red Hawk
Employment Opportunity District Project Narrative [7 Pages]
Revised February 19, 2019
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1 From this blog in March 2018 LINK > MesaZona /2018/03
Blogger's Note: Coincidentally, your MesaZona blogger made it a point to attend a Meeting in the City of Mesa's Saguaro Room with Planning Director John Wesley where approval of a not-so-minor Site Plan Review was held for another development of a data center campus on 67 acres located south of Elliot Road on the 3900-4200 blocks of South Signal Butte Road . . .
Please notice that nowhere in all these announcements are numbers of jobs or good jobs mentioned.
08 March 2018
BIG BONANZA > Data Center Investments Here In Mesa:
A Jackpot for Land Acquisitions @ The Edge
It's the happy intersection of Real Estate and Technology with a new name PropTech.
The industry is now as diverse as the real estate market it supports, and has now branched out to incorporate e-commerce, social networking, and other sectors.
SkyBridge is another investment portfolio.
And, of course, after the Apple Data Center (to be powered with 100% renewable energy) landed here, it's a good thing SRP can supply 286MW for all these new ones
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SkyBridge is another investment portfolio.
And, of course, after the Apple Data Center (to be powered with 100% renewable energy) landed here, it's a good thing SRP can supply 286MW for all these new ones
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Industry Background:
Dividing PropTech into categories
PropTech can broadly be defined into three sub-categories, classified by the service it provides
PropTech can broadly be defined into three sub-categories, classified by the service it provides
Real Estate Fintech
Real Estate Fintech refers to software and platforms that enable or aid the process of real estate transactions. The sector has grown to include a variety of different services, that include purely researching and gathering information about real estate all the way to executing real estate transactions.
Shared Economy
Shared economy is a separate industry in its own right, but has been an extremely important part in the real estate sector, with prime examples like Airbnb and HomeAway.
Companies in this sector entail:
• Short term housing rental, co-living and hospitality
• Shared workspace and co-working
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2 GO SEE
CyrusOne Acquires 70-Acre Site for 2nd Phoenix Facility
By Tudor Scolca O7 June 2018
The upcoming data center will eventually deliver up to 198 megawatts of critical IT power. The company's campus will be located within the Mesa Elliot Technology Park, a 270-acre master-planned mixed-use project.
CyrusOne has selected a site in Mesa, Ariz., for a second data center campus in the Phoenix metro. The company acquired a 68.2-acre plot of land within the Mesa Elliot Technology Park and plans to build a five-building cloud computing facility.
The facility will eventually be able to deliver up to 198 megawatts of critical power to tenants. CyrusOne’s newest development will be located near the junction of Elliot and Ellsworth roads, less than a mile from Loop 202 and approximately six miles from Phoenix Mesa Gatweay Airport. CyrusOne entered the Phoenix metro in 2012 with the construction of a data center in Chandler, Ariz.“CyrusOne continues to see heavy demand for cloud services among new and existing customers in the Phoenix metro. (…) we are always listening to our customer base in terms of where we need to be and what services we can offer. Officials in Mesa and Sunbelt have been great partners and we are proud to work alongside them as we help usher in a new era of jobs, growth and investment for the local community,” said Kevin Timmons, CTO of CyrusOne, in a prepared statement.
NEW TECH HUB
The Mesa Elliot Technology Park measures approximately 270 acres in size, dedicated to industrial, mixed-use, data center and office space.
According to the Arizona Republic, the Mesa City Council signed up for a $10 million investment with Nesbitt Contracting Co., to upgrade street sizes, landscaping, traffic signaling and other infrastructure improvements.
Additionally, the site is adjacent to a 5,300-acre master planned community, Eastmark, which will comprise approximately 15,000 units.
CyrusOne’s campus will cater towards Fortune 1000 companies, with the company citing increased demand for IT services in the area.
Major players in the industry are already setting up shop in the area, such as Apple’s $2 billion command center, a 450,000-square-foot automated bottling facility owned by Niagara Bottling, and at least three other large data centers, developed by Digital Realty, EdgeConneX and EdgeCore.
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Area already home to data centers operated by Apple, CyrusOne
"Two speculative industrial buildings are being added to Mesa Elliot Technology Park, an area that has become a popular spot for high-tech employers including Apple Inc. and CyrusOne Inc., which operates and develops data centers.
Each phase will bring about 140,000 square feet of general-purpose industrial space and the first is planned to be delivered in 2019.
Sunbelt owns about 1,100 acres of land in Mesa, including large parcels along Elliot in the technology corridor, he said.
“We had a large presence already in Mesa, and when the Elliot Technology Park became available, we jumped on it.”
CyrusOne plans to open a five-building data center facility on 68 acres there.
EdgeCore Internet Real Estate LLC also has construction underway on the first of seven data center buildings.
Each of the seven will cost about $150 million to develop, and the first is scheduled to be completed by the end of the year, said Bill Jabjiniak, Mesa’s economic development director.
Digital Realty Trust Inc., a San Francisco-based company, owns about 56 acres on the north side of Elliot and with the goal of building a data center, but has not yet submitted any site plans to the city, Jabjiniak said.
The city of Mesa and Salt River Project have completed some major infrastructure improvements in the corridor to make the park attractive to high tech users, with more public improvements planned.
“The city is taking advantage of heavy-duty power, dark fiber,” Jabjiniak said.
Despite how many companies are building or have plans to build in the corridor, there is “plenty of room” for other companies to develop, he said, adding that the city has gotten continued interest from companies about the corridor.
The city has invested about $17 million on road improvements and landscaping along Elliot, which will widen the road to six lanes. That construction is expected to finish in February.
