September 11, 2019 Comments Off on 365 Adds NJ Data Center to Portfolio Views: 530 National News, New Jersey, Northeast

365 Adds NJ Data Center to Portfolio

365 Data Centers, based in Norwalk, CT, added an 11th data center to its portfolio with the acquisition of NYI-NJ in Bridgewater, NJ. The 25,000-square-foot data center offers an immediate 2.3 megawatts of capacity, 40 miles from New York City.

“Adding a central New Jersey data center, strategically located between our Philadelphia and New York City facilities, bolsters 365’s growing network-centric, edge data center portfolio,” said Bob DeSantis, CEO of 365.

The newly-acquired center will be quickly integrated into 365’s existing network. It joins a network of data centers in Boca Raton, Buffalo, Chicago, Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City and Tampa.

Funding for the acquisition came, in part, from an equity investment recently made in 365 by Turning Rock Partners, a New York-based investment firm, and 365’s existing ownership group. 365 also tapped its acquisition credit lines with Antares, ING Capital and TD Securities.

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