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DLA Piper represents CyrusOne in acquisition from Sentinel Data Centers

09 Feb 2017

DLA Piper advised CyrusOne Inc., a real estate investment trust, in its acquisition of two affiliates of Sentinel Data Centers, the operators two data center properties in Raleigh-Durham, North Carolina, and Somerset, New Jersey, for approximately US$490 million.

The data centers, which total 160,000 square feet and approximately 21 megawatts of power capacity and generated revenue of nearly US$50 million last year, mark CyrusOne's entry into the Southeast market. CyrusOne will have the option to add an additional 230,000 square feet and 37 megawatts of power capacity.

The DLA Piper team representing CyrusOne consisted of Southeast US Managing Partner Joe Alexander  (Miami) and partners Daniel Rollman and Jamie Konn (both of Atlanta), Gina Zawitoski (Baltimore), Mike Bedke and Omari Sealy (both of Miami) and Julia Kovacs (Washington, DC).

Matter Type
Asset Sale: Acquiror's Counsel
Industry
Fund/Investment Management
News Category
M&A