QTS Realty Trust has completed the purchase of a 260,000 square foot data center in Fort Worth from Health Care Service Corp. (HCSC).
The facility becomes QTS' second mega data center in the broader Dallas-Fort Worth market. . The connectivity-rich facility is carrier-neutral with 12 carriers and is situated adjacent to a number of other large enterprise and technology company-owned data center facilities including a one million square foot data center operated by one of the largest social media companies in the world, according to a news release from QTS Realty.
Overland Park, Kansas-based QTS purchased the existing 8 gross megawatt facility for approximately $50 million which represents an upfront cost per megawatt of approximately $6 million. The facility currently features 40,000 square feet of built-out raised floor available today and 8 megawatts of gross power with powered shell that is able to support total capacity of approximately 80,000 square feet of raised floor. Ultimately, including adjacent land, the site can support a total of more than 300,000 square feet of raised floor and 60 megawatts of gross power. QTS has financed this transaction through its revolving credit facility, according to its press release.
"Our success in one of the nation's largest Tier 1 markets is a testament to the value our customers are seeing in our fully integrated platform," said Chad Williams, chairman and CEO – QTS. "We are excited about our ability to quickly expand and meet the growing needs of current and new customers in another state-of-the-art facility."