Milwaukee News

In McAllen, Texas, Fifteenfortyseven Critical Systems Realty (1547) and Harrison Street have bought a carrier hotel. The two corporations have acquired Chase Tower in McAllen, a 17-story building with a total area of around 209,000 square feet. The specifics of the transaction were not made pu...

Lumen has announced that it will sell its Europe, Middle East, and Africa (EMEA) operations to Colt in a $1.8 billion deal. The deal will see Lumen divest its EMEA business, including its data centers, terrestrial and subsea networks, and network equipment in the EMEA region, to Colt. The deal...

Cogent Communications Holdings has acquired T-Mobile’s wireline business for $1 billion. In addition, T-Mobile expects to have a pre-tax charge of $1 billion from selling the unit to Cogent. T-Mobile will also pay Cogent $350m in the first 1 year of closing the deal and another $350m over the ...

Fifteenfortyseven Critical Systems Realty (1547) has plans for a large data center campus in Pennsylvania. The company partnered with Green Fig Land Company (GFLC), a real estate company, to acquire over 100 acres of land to develop a data center campus. The data center will span 2 million squ...

TierPoint has announced that its St. Louis data center in Missouri, which was announced back in September 2021, is complete. The facility, spanning 23,000 sqft (2,100 sqm), is a Tier III-quality facility that offers 14,500 sq ft (1,350 sqm) of production or raised floor space.The facility saw...

TierPoint has announced that Argo Infrastructure Partners has invested $500 million into its business. The move sees Argo Infrastructure Partners become the largest single equity investor in the firm. TierPoint will use the net proceeds from the transaction to expand the company and provide pa...

Lumen Technologies has won a $1.2 billion contract from the US Department of Agriculture. Lumen is to deliver a fully integrated wide-area data transport service to over 9,500 US Department of Agriculture locations across the country and around the world. With this contract, Lumen will offer a...

CIM Group has completed the sale of four US data centers. The Real estate firm owned the portfolio of data centers with fifteenfortyseven Critical Systems Realty (1547). Harrison Street Real Estate Capital and 1547 bought the facilities from CIM Group. The facilities are located in Cheyenne, W...

Expedient has acquired a data center in Phoenix, which Blue Cross Shield formerly owned. The facility it acquired is located at 2475 West Townley Avenue. It is a 2.4MW capacity data center with 45,000 square feet of space. Expedient says the facility was built to Tier III standards. Expedient’...

Expedient has acquired a new data center in Franklin City, Wisconsin. The facility has 28,500 square feet of space, and it offers 1.2MW of critical power. It also has the capacity for over 8,000 physical servers. The facility will help Expedient serve its growing customer demand for cloud-base...

According to Biz Times, investors group KCMJ Investments LLC has sold TierPoint’s Milwaukee data center to Milwaukee-based WSP Burnham LLC for $4.66 million. The deal includes the sale of a 3.3-acre plot with the facility. TierPoint’s Milwaukee data center has 70,000 square feet of space with ...

TierPoint has announced that it is expanding in Missouri by investing $20 million into building a 23,000 square feet Tier III data center in the St. Louis region. The data center firm already has three facilities in Missouri; two in St. Louis and one in Kansas City. TierPoint has also secured ...

Lumen Technologies, formerly known as CenturyLink, has agreed to pay $275,000 to resolve a Civil Contempt Claim by the Department of Justice for its acquisition of Level 3 Communications Inc in 2016. The Justice Department accused Lumen (formerly CenturyLink) of violating the terms designed to...

As part of its acquisition of Sila Realty Trust’s data center portfolio, Mapletree Investment Trust has also acquired a Lumen data center in Minnesota. The facility is at 5400-5500 Feltl Road inside the Opus Business Park, Minnetonka. It is reported that Sila paid $26 million for the facility....

2021 has been an eventful year in the data center industry as we’ve seen some major merger and acquisition activities as these firms look to expand their capacities. We are going to shine the spotlight on the top five merger and acquisition activities in Q2 of 2021. We’ll be able to see which ...

Lumen Technologies has announced that it is selling its current local exchange carrier (ILEC) business in 20 states for $7.5 billion. The firm will be selling the business to Apollo Funds. Lumen Technologies currently operates the ILEC business under the CenturyLink name, and the business incl...

Lumen Technologies has announced the sale of its entire Latin American business to Stonepeak Infrastructure Partners. The sale is said to be worth $2.7 billion. Australia’s largest pension fund, AustralianSuper, is also investing funds in the deal with Stonepeak. The current leadership team of...

Valterra Partners LLC and Fifteenfortyseven Critical Systems Realty LLC have acquired ColoHouse, a managed service provider with headquarters in Miami, Florida. Valterra Partners is an equity firm, while Fifteenfortyseven Critical Systems Realty is a data center Company. The deal also includes...