(Save the date: RealShare Industrial 2012 comes to TheBanker's Club, Miami, December 5 - 6.)
REDWOOD CITY, CA-As part of a plan to focus the company’scapital and energy on its most productive datacenters, Equinix Inc. has decided to sell16 IBX data centers throughout the US to an investment groupconsisting of 365 Main, Crosslink Capital andHousatonic Partners for approximately $75 million.The sites represent approximately 280,000 square feet of space thatgenerates less than 2% of the company’s annual revenues.
After the transaction closes, 365 Main will own and manage thecenters, led by industry veterans Chris Dolan, CEOand Jamie McGrath, COO, who started the firm in2002. The transaction is expected to close in the fourth quarter ofthis year. Davis Polk & Wardwell LLP and theBank Street Group LLC served as legal andfinancial advisors to Equinix during the transaction.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
