After a couple years of working together on multiple colocation and meet-me-room projects, Amerimar Enterprises and industry icon Hunter Newby have finally made it official. They've launched Netrality Properties, which will bring those various properties under one roof with plans to buy more of them.
The new company's 'starter set' is a mere 1.9M square feet of space spread across four key facilities in four markets: 325 Hudson in New York City, 401 North Broad in Philadelphia, 717 South Wells in Chicago, and 1102 Grand in Kansas City. By the end of the first quarter, they say they are on track to boost their square footage above 3M square feet.
Netrality will be led by CEO Jerry Marshall, and will taking on the market with the fiber-connectivity-rich, carrier-neutral-no-cross-connect-fees MMR, pure colocation model Hunter Newby has evangelized so well over the years. While the corporate structure may be new, the business model is one Amerimar and Hunter Newby have been fine tuning for some time. So I expect they will hit the ground running and we'll see them make at least another purchase or two this year.
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