GI Partners Becomes Data Center Landlord for BT’s Trading Hub in New Jersey

GI Partners has bought a large New Jersey data center that houses tech platforms that facilitate capital markets trading by customers of BT Radianz, the financial tech services business of BT Americas, a division of British Telecom.

BT has been the sole tenant in the 130,000-square foot building and will continue to be one. GI’s announcement didn’t specify who the previous owner was, but according to Essex County records, the owner through at least 2017 was Reckson Associates, a division of the New York-based real estate investment trust SL Green Realty.