{"id":1004174977,"date":"2017-05-03T04:20:56","date_gmt":"2017-05-03T12:20:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174977"},"modified":"2022-12-08T13:23:10","modified_gmt":"2022-12-08T21:23:10","slug":"equinix-wraps-up-3-6b-data-center-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equinix-wraps-up-3-6b-data-center-deal\/","title":{"rendered":"Equinix Wraps Up $3.6B Data Center Deal"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<div id=\"attachment_1004174978\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/The-Miami-NAP-of-the-Americas-e1493813928679.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004174978\" data-attachment-id=\"1004174978\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/equinix-wraps-up-3-6b-data-center-deal\/equinix-inc-mi1-ibx-data-center-miami\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/The-Miami-NAP-of-the-Americas-e1493813928679.jpg\" data-orig-size=\"1456,1092\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Equinix, Inc.&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Equinix new MI1 site in Miami (PRNewsfoto\/Equinix, Inc.)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Equinix Inc MI1 IBX Data Center Miami&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Miami NAP of the Americas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Miami NAP of the Americas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/The-Miami-NAP-of-the-Americas-e1493813928679.jpg?w=1024\" class=\"size-medium wp-image-1004174978\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/The-Miami-NAP-of-the-Americas-e1493813928679.jpg\" alt=\"The Miami NAP of the Americas\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/The-Miami-NAP-of-the-Americas-e1493813928679.jpg 1456w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/The-Miami-NAP-of-the-Americas-e1493813928679.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/The-Miami-NAP-of-the-Americas-e1493813928679.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/The-Miami-NAP-of-the-Americas-e1493813928679.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004174978\" class=\"wp-caption-text\">The Miami NAP of the Americas<\/p><\/div>\n<p>Equinix Inc. has expanded its presence by 3 million square feet with the closing of the acquisition of 29 data centers and accompanying operations from Verizon Communications Inc. Five months after <a href=\"https:\/\/www.commercialsearch.com\/news\/equinix-verizon-agree-on-3-6b-deal-for-24-data-centers-in-u-s-latin-america\/\">announcing the transaction<\/a>, the global interconnection and data center company paid $3.6 billion in cash for the portfolio, which notably broadens its footprint in the United States and Latin America.<\/p>\n<p>It\u2019s a good time for growth in the data center arena. <em>\u201cAs the technological shift to digital is transforming large sections of society and the global economy, companies are re-architecting their IT infrastructure to thrive in this new environment. They are moving from traditional centralized infrastructure to a distributed model that keeps data closer to the customers, partners and employees using it. With this significant expansion of Equinix\u2019s globally consistent footprint, our platform is even more valuable to companies that are leveraging this new model of interconnection at the digital edge,\u201d<\/em> Equinix CEO Steve Smith said in a prepared statement.<\/p>\n<p>The data centers are located in 15 markets, including Atlanta; Boston; Chicago; Culpeper, Va.; Dallas; Denver; Houston; Los Angeles; Miami, home of the 750,000-square-foot Miami NAP (Network Access Point) of the Americas, now renamed MI1; New York; Northern Virginia\/Washington, D.C.; Seattle; and Silicon Valley in the U.S.<\/p>\n<p>In Latin America, Equinix picked up properties in Bogot\u00e1, Colombia, and S\u00e3o Paulo, Brazil. Bogot\u00e1, Houston and Culpeper, Va.\u2014site of the 250,000-square-foot NAP of the Capital Region, which Equinix describes as one of the most secure and technologically sophisticated data center campuses in the eastern U.S.\u2014are new territories for the company.<\/p>\n<p>With the completion of the Verizon portfolio purchase, Equinix now owns more than 175 International Business Exchange data centers totaling roughly 17 million square feet across 44 markets in the Americas, EMEA and Asia-Pacific.<\/p>\n<p>Equinix\u2019s big-ticket data center deal with Verizon appears to be a harbinger of things to come. <em>\u201cBold M&amp;A will disrupt the playing field\u2014while raising barriers to entry for newcomers to join the game,\u201d<\/em> according to a report on the North American market by commercial real estate services firm JLL. <em>\u201cMergers and acquisitions in the data center sector surged in 2016, a trend that is on pace to continue through the new year. As the experienced players become bigger, expect less room on the bench for new recruits.\u201d<\/em><\/p>\n<p><em>Image courtesy of Equinix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company now owns more than 175 International Business Exchange assets totaling roughly 17 million square feet across 44 markets in the Americas, EMEA and Asia-Pacific.<\/p>\n","protected":false},"author":969,"featured_media":1004174978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21743,21808,16,23891,21742],"tags":[33062,33061],"class_list":["post-1004174977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-deals","category-featured","category-international","category-national","category-latest","tag-equinix-inc","tag-verizon"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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