StratCap’s wireless infrastructure division, StratCap Wireless, has completed the acquisition of more than $35 million in data centers and cell towers. In conjunction with the data center acquisitions, StratCap added an additional $35 million credit facility from Sunflower Bank, which it expects to expand over time to help facilitate future acquisitions.
The Santa Clara Data Center is located in the heart of Silicon Valley in California, and is 100% leased to a top-tier wireless carrier, and serves as a network switch facility, supporting major connectivity needs in the region. The property was purpose-built, designed to the highest standards, and constructed from the ground up for fiber network switch and data center use.
The St. Louis Data Center is a newly constructed building and 100% leased to two high credit quality tenants. It is a highly secure facility with redundant designs to ensure 100% uptime, meeting the high-density computing requirements of government agencies and major employers in the United States. The St. Louis market plays a crucial role in the network landscape of the Midwest. Its central location makes it ideally suited for organizations looking to deliver lower latencies in a central U.S. location.
“Data centers are an integral component of our digital ecosystem,” Jim Condon, managing partner at StratCap, said. “They serve as mission critical facilities for the tenants that occupy them, and we’re excited to add these dynamic assets to our portfolio.”