Wholesale data center developer ByteGrid has acquired a 77,322 square foot data center in Alpharetta, Georgia, the company said this week. The property was acquired from a real estate investment trust and is fully occupied by a Fortune 500 software company. The tenant will continue to occupy the facility under an existing long-term lease agreement.
ByteGrid plans to build an additional 100,000 square feet of expansion space on the 16-acre property, providing over 15 megawatts of power capacity. This follows the same strategy ByteGrid pursued at its first data center campus in Silver Spring, Maryland, where it has a major financial services company as its anchor tenant and is developing and marketing additional wholesale data center space.
"The fourth quarter of 2012 has been particularly exciting for our company," said Ken Parent, CEO of ByteGrid. "With this acquisition, we are executing on our expansion strategy focused on becoming a national provider of superior wholesale data center facilities meeting the highest standards for security and reliability. Further, this news comes on the heels of some very significant and recently announced leasing activity at our Silver Spring facility."