Ascent in Good Position to Expand

CHICAGO—As reported in GlobeSt.com earlier this week, Ascent Co., a St. Louis-based provider of data center solutions, just sold its CH2 Data Center Facility in suburban Northlake to Carter Validus Mission Critical REIT, Inc. for $211.7 million. It was the largest single portfolio acquisition to date for CVMC REIT. As part of the deal, CVMC REIT will provide new capital to expand the center’s capabilities and Ascent will continue to operate it and manage all development, design, construction and engineering. GlobeSt.com spoke to Phil Horstmann, the chief executive officer of Ascent, on how the company will move forward, and the role Chicago plays in the US data center sector.

Will Ascent use its new infusion of capital to expand just the Northlake center, or can you also use the funds for other facilities?