TelePlace was attracted to the area partly by the other companies in the area, which creates a usable infrastructure.

The company plans to spend $25 million to upgrade the 70-year-old facility, and expects to take eight months to complete the work. It plans to open about 100 data centers around the world by 2005.

Staubach Co. brokered the deal.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.