Merger Creates New Data Center Operator

WASHINGTON, DC—A new national data center operator has been formed out of a pair of companies wholly owned by ASB Real Estate Investments, headquartered here. Dallas Infomart and Fortune Data Centers, both wholly owned by ASB’s Allegiance Real Estate Fund, have merged under the name Infomart Data Centers. The combined company will manage a 2.2-million-square-foot, 100-megawatt portfolio, including a new facility outside Washington, DC that’s set to open in 2015.

The new facility, to be located in Ashburn, VA—arguably the data center hub of the US—will join the 1.3-million-square-foot Dallas Infomart and a pair of facilities in Portland, OR and in San Jose, where Infomart Data Centers is now headquartered. “After building a national portfolio of some of the industry’s most successful data center properties, we reached a scale where it made sense to form an extremely well-capitalized operator, backed and owned by the fund, to manage our assets on a national basis in the best interests of our investors and tenants,” says David Quigley, ASB’s CIO.