IPI Partners, a global investment platform focused on data centres has acquired one of the most highly-interconnected ‘carrier hotels’ in the Western US region.
The 1500 Champa building in Denver, Colorado serves as a major network hub for the US, including the Rocky Mountain region.
The three-storey building is one of two primary carrier-neutral telecommunications-focused data centres in downtown Denver and houses approximately 138,000sqft of data-centre and office space.
Its meet-me-room service, which enables telecommunications companies to physically connect to each another and exchange data, offers connectivity to 15 fibre-optic and network service providers.
The property was sold by Morgan Reed Group, an independent real estate holding group that had owned it since 2006.
IPI plans to invest further in the 1500 Champa to bolster its existing connectivity ecosystem and increase co-location capacity. The initial phase of construction is expected to be completed by the end of next year.
Christopher Jensen, managing director of IPI, said: “We believe that 1500 Champa is an ideal asset to anchor IPI’s connectivity-focused platform, given the strength of the existing network and immediately-available growth potential.”
IPI also announced a new partnership with its operating adviser Mike Krza to assist with operating the facility and expand the data centre footprint. Krza, a digital infrastructure expert, will work with IPI to develop its connectivity-focused platform expansion into other markets in the US.
“Mike brings extensive knowledge and experience to this asset,” said Jensen. “We look forward to working with him on future investments in additional near-edge, urban connectivity assets as part of our strategy to provide cloud and network-focused end users with mission-critical data-centre capacity and connectivity.”