Flexential has announced that it has entered into a leaseback agreement with Legacy Investing and Invesco Real Estate for its data centre in Plano, Texas. The deal would enable a 130,000 square foot expansion, doubling its total capacity.
“Our continued partnership with Legacy Investing and Invesco Real Estate allows Flexential to expand at an even faster rate to meet heightened demand in hypergrowth markets such as Plano, Texas and Portland,” Chris Downie, CEO of Flexential, said. “We are committed to continued investment in the 38 highly connected data centres in our platform of hybrid IT infrastructure solutions and are pleased that this partnership is enabling us to realize quick and efficient growth.”
“We are pleased to continue our partnership with Flexential, a national market leader, to meet the massive and growing demand for data centre services in the Dallas region,” Jay Rappaport, CEO and co-founder of Legacy Investing, said. “These acquisitions are part of Legacy’s broader focus on partnering with data centre operating companies, enabling them to monetize their real estate-related assets, including funding construction, so they can concentrate their capital on operations and thereby maximize their returns.”