A new player in the data center business has acquired a facility in Maryland in the suburbs of Washington, D.C. ByteGrid Holdings LLC has bought a fully operational data center in Silver Spring, Md. from a Fortune 50 financial services institution, which will continue to lease a portion of the data center under ByteGrid’s ownership.
ByteGrid a privately held company headquartered in Northern Virginia. It has teamed with Altpoint Capital Partners, a New York based private equity firm that is backing ByteGrid's effort to build a carrier-neutral wholesale data center platform across multiple geographic markets.
“We are pleased to acquire a data center with such a stellar reputation and a history of pristine operations in the Washington, D.C. metropolitan data center market," said Kenneth Parent, ByteGrid’s CEO. "With Altpoint’s partnership and support, we plan to acquire similar high-quality facilities in additional metropolitan markets to provide scalable and interconnected solutions to our customers.”
Includes Modular Option
The Silver Springs data center will feature a flexible design approach that offers customers the option of traditional raised-floor space or modular data centers. ByteGrid can accommodate either design approach at the 214,000 square foot data center.
ByteGrid has up to 2.4 megawatts of critical power available for immediate lease, with power densities ranging from 50 to 150 watts per square foot. The company intends to expand the data centers’ available power over time. The facility is served by multiple Tier 1 telecommunications carriers.
ByteGrid's leadership team includes executives with expertise spanning real estate, finance and facilities. It's the latest example of a trend in which executive teams with industry experience team with capital partners to form new data center companies.
“With its efficient, flexible and resilient design, this facility is a prime example of the quality of data center we will provide to our customers to meet their IT infrastructure outsourcing, business continuity, and disaster recovery needs,” said Manny Mencia, ByteGrid’s President, who has over 25 years of experience in senior telecommunications, data center and IT services roles.