San Francisco, CA â€“ Wired Real Estate Group Inc. (â€œWiredRE”), the nationâ€™s leading cloud, colocation and data center real estate advisor, announced its role as advisor to Avista Capital Partners (â€œAvista”), a leading private equity firm, in their recently announced acquisition of DataBank Holdings from Freeman Group, a private investment firm.
DataBankâ€™s existing data center facilities are located in the former Federal Reserve Bank building in Dallasâ€™ downtown central business district. The site, one of three major carrier hotels in Dallas, offers attractive power availability, high infrastructure redundancy, a secure environment and robust telecommunications connectivity.
This announcement comes on the heels of accelerated momentum at WiredRE, being a participant in some of the nationâ€™s largest developments, including Vineyard Data Park in Colorado Spring, Fiber Depot in San Francisco, Vinakom Carrier Hotel of Chicago, and Caspian Tech Center in Silicon Valley. Everett Thompson, CEO, WiredRE commented, â€œWe are very happy to be associated with Avista and this transactions. This project was another great opportunity for us to showcase our ability to provide reliable input on complex transactions and under tight schedules.”
Brendan Scollans, Partner at Avista, said, â€œData center businesses are both technically and commercially complex. WiredRE was an ideal advisor, owing to their integrated technical and commercial capabilities. We were confident in WiredRE, based on their proven track record with large and complex transactions, and they exceeded our expectations.”
About Wired Real Estate Group Inc.
WiredRE is the leading cloud, colocation, and data center advisory firm in the nation. The firm represents over one million sq-ft gross of data centers, which affords WiredRE the most intimate and up to the moment view of the market. The company also maintains a proprietary data base of sites and supply / demand trends and conducts detailed primary market research on the Premium Colocation and Wholesale data center markets, on a facility-by-facility basis. To search over 1,500 data centers for lease or sale, go to www.WiredRE.com/data-center-for-lease.
About Avista Capital Partners
Avista Capital Partners is a leading private equity firm managing approximately $4 billion of committed capital with offices in New York, Houston, and London. Founded in 2005, Avistaâ€™s strategy is to make controlling or influential minority investments in growth-oriented energy, healthcare, media, industrial and consumer businesses. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses. For more information visit: www.avistacap.com.