Flexential enters sale-leaseback deal for Plano data center

Aug 06, 2021 | Posted by AbdulRahmanOladimeji

Flexential has made a leaseback agreement with Legacy Investing and Invesco Real Estate for its data center facility in Plano. The deal will see Flexential add 130,000 square feet to its existing space, which means it will be doubling its capacity with the expansion. None of the companies disclosed the finances behind the deal.

CEO of Flexential, Chris Downie, commented that the Company is dedicated to investing in highly connected data centers. He further added that the partnership with Legacy Investing and Invesco Real Estate would help the Company actualize rapid and efficient growth.

Flexential and Legacy Investing and Invesco Real Estate also had a sale-leaseback agreement earlier in the year. The deal sees Legacy Investing and Invesco Real Estate construct its Hillsboro 3 data center in Portland, Oregon. CEO of Legacy Investing, Jay Rappaport, also commented on the new agreement. He said the Company is happy to continue its relationship with Flexential to meet the immense and increased demand for data center services in the Dallas region.

Plano data center


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