QTS Realty Trust, an international provider of data center, managed hosting and cloud services, has completed the purchase of a 260,000 square foot data center in Fort Worth, Texas from Health Care Service Corporation (HCSC).
The new facility becomes QTS’ second mega data center in the broader Dallas-Fort Worth-Irving market. It would strengthen the company’s ability to serve Fortune 1000 enterprises as well as regional financial services, healthcare and technology companies. The connectivity-rich facility is carrier-neutral with 12 carriers available, and is situated adjacent to a number of other large enterprise and technology company-owned data center facilities – including a one million square foot data center operated by one of the largest social media companies in the world.
QTS purchased the existing 8 gross megawatt facility for approximately $50 million which represents an upfront cost per megawatt of approximately $6 million. The facility currently features 40,000 square feet of built-out raised floor available today and 8 megawatts of gross power with powered shell that is able to support total capacity of approximately 80,000 square feet of raised floor. Ultimately, including adjacent land, the site can support a total of more than 300,000 square feet of raised floor and 60 megawatts of gross power.
“Our success in one of the nation’s largest Tier 1 markets is a testament to the value our customers are seeing in our fully integrated platform,” said Chad Williams, Chairman and CEO of QTS. “We are excited about our ability to quickly expand and meet the growing needs of current and new customers in another state-of-the-art facility.”
In connection with the purchase of the HCSC data center, HCSC will remain an anchor tenant in the facility with a one-megawatt lease. The transaction establishes a new strategic relationship with HCSC, one of the largest health insurance providers in the U.S., and an opportunity to expand the relationship in the future to further support HCSC’s hybrid IT requirements across QTS’ broader footprint.
HCSC will leverage QTS’ expertise in data center management, information security, compliance and Hybrid IT solutions.