One of the key data centers in the central US is changing hands. Equinix has entered into a definitive agreement to acquire the Infomart Dallas building from ASB Real Estate Investments for $800M.
The Infomart Dallas is already home to four of Equinix's eight Dallas IBX data centers, and has room for future development. In all, the building offers some 1.6M gross square feet of space, and Equinix was already accounting for 40% of the lease revenue at the facility. Some 50 Infomart employees and contractors will move over to Equinix when the deal closes, an event that is expected in mid-2018.
Meanwhile, Infomart Data Centers presumably soldiers on with its other facilities in Portland, Silicon Valley, and Ashburn. The Dallas facility was a bit of a different kettle of fish from the other ones in terms of customers, so it make sense to sell it independently. The Portland and Silicon Valley facilities derive from the merger with Fortune Data Centers a few years ago, while the Ashburn facility just went online last year.
I do wonder if there is a shoe left to drop, with someone else stepping up to buy the rest of the assets.