Dan Gitre, co-founder of the company, says the facility would bethe first large and local network access point in Michigan. "In thetruest sense of a metropolitan airport, we envision having a placewhere most of the major telecommunications companies caninterconnect," he says.He notes that Tier 1 and Tier 2telecommunication providers will be able to connect together at thefacility, which will also provide a place where local Internetproviders can locate their servers.
"Royal Oak is a strategic location for the interconnectivity oflong-haul fiber and local fiber, a new concept where fiber is putthroughout metro areas in rings to provide broadband service tolocal business," Gitre says.
The company signed a 15-year, long-term sublease for theeight-acre site. Gitre refused to comment on the lease rate.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
