Flexential Partners with Legacy Investing and Invesco Real Estate on 130,000 Square Foot Expansion in Plano, Texas |
CHARLOTTE, NC, August 5, 2021 / PRNewswire / – Flexential, a leading provider of colocation, cloud and connectivity services for the data center, today announced that it has signed a leaseback agreement with Legacy Investing and Invesco Real Estate. The deal enables a 130,000 square foot expansion of the state-of-the-art Flexential Plano, Texas the capacity of this data center more than doubled to over 260,000 square feet and Flexentials Dallas Market capacity of over 432,000 square meters.
This agreement follows a recent sale-leaseback partnership with Legacy Investing and Invesco Real Estate for Flexentials Hillsboro 3 data center in Portland In April 2020. The continued support from Legacy Investors and Invesco Real Estate demonstrates the overall value of the Flexential brand and its franchise in the Dallas Market.
With rapidly growing demand for data center services in Plano and the wider one Dallas Markt, the partnership between Flexential, Legacy and Invesco Real Estate will enable Flexential to bring this project to market quickly and efficiently while providing Legacy and Invesco Real Estate with an excellent investment opportunity.
“Our continued partnership with Legacy Investing and Invesco Real Estate enables Flexential to expand even faster to meet increased demand in hypergrowth markets such as: Plano, Texas and Portland, “said Chris Downie, CEO, Flexential. “We are continuing to invest in the 38 highly networked data centers on our platform for hybrid IT infrastructure solutions and are pleased that this partnership enables us to grow quickly and efficiently.”
“We are excited to continue our partnership with Flexential, a national market leader, to meet the massive and growing demand for data center services in the Dallas Region “said Jay Rappaport, CEO and Co-Founder of Legacy Investing. “This mutually beneficial partnership is part of our broader focus on data center real estate and will allow Flexential to focus its capital on operations to maximize its returns.”
“We are excited to expand our data center presence into a new market for Invesco Real Estate. Our continued collaboration with Legacy and Flexential is representative of our growing commitment to the data center sector. We look forward to building these important relationships into the future,” said Joshua Siegel, Managing Director, Transactions, Invesco Real Estate.
About Flexential
Flexential supports the IT journey of the most complex companies in the country by offering flexible and tailor-made hybrid IT solutions that include colocation, cloud, connectivity, data protection, managed and professional services. The company is built on a platform of 3 million square feet of data center space in 19 highly connected markets and on the FlexAnywhere ™ 100 GB private backbone to meet the toughest security, compliance and resilience challenges. See an interactive map at www.flexential.com as Flexential goes beyond the four walls of the data center to empower IT.
Flexential is a registered trademark of Flexential Corp. Follow Flexential on LinkedIn, Twitter and Facebook.
About Legacy Investing, LLC
Headquarters in Northern Virginia Founded by seasoned executives from technology companies, Legacy Investing focuses on business-critical real estate affected by new technology: digital and physical supply chains, future jobs, and life sciences. Legacy leaders have used this platform and its C-level experience with publicly traded companies over the past two decades to do more than $ 2.75 billion for transactions in data centers, e-commerce distribution centers, cold stores, modern office buildings and life sciences facilities on an area of 19 million square meters on behalf of selected family offices and institutional investors. Legacy uses its expertise in the impact of technology on tenant demand, location selection and rental to target and position properties to meet those needs and create long-term property value. More information is available at www.LegacyInvesting.com.
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with $ 83.2 billion in real estate assets under management, 588 employees and 21 regional offices in the United States, Europe and Asia (away March 31, 2021). Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect wholly-owned subsidiary of Invesco Ltd. Invesco Ltd Independent investment management firm dedicated to delivering an investment experience that helps people get more out of their lives. NYSE: IVZ; www.investsco.com.
Contact:
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SOURCE Flexential
