US wholesale data center provider Bytegrid has secured US$25m in new credit and bought a massive data center building in Cleveland, Ohio, to capitalize on what it says is an ongoing building boom in the area.

The campus, called Cleveland Technology Center (CTC), is located in the region’s healthcare corridor, where about $4bn has recently been invested in real estate, Bytegrid said. This is the first time Cleveland has experienced such momentum since three stadiums and arenas were build there in the 1990’s, according to the data center company.

Kenneth Parent, Bytegrid CEO, said Cleveland was a perfect match for the company’s national-expansion strategy, which was to bring data center capacity to underserved markets. “Vibrant business expansion and investment, along with market-changing development projects, are taking place all around Cleveland’s [central business district] and mid-down tech corridor,” he said.

“Bytegrid plans to further improve and expand the CTC, making it the primary provider of capacity and connectivity in Cleveland, as well as an ideal disaster-recovery location for Midwest and East Coast markets, such as Chicago and New York.”

The CTC provides more than 330,000 sq ft of space, more than half of which is data center space leased to a variety of Internet, communications service providers and government agencies. The building is also one of Ohio’s key fiber-connectivity hubs.

The company’s immediate plan for the building is to build out an additional 30,000 sq ft of data center space, served by 4MW of power.

This is Bytegrid’s third data center, bringing the overall size of its portfolio to more than 625,000 sq ft. Its other two data centers are in Alpharetta, Georgia, and in Silver Spring, Maryland.

Bytegrid’s new revolving credit facility was arranged by KeyBank Real Estate Capital. The credit facility has an “accordion” feature, which means it can be expanded up to $100m, according to the data center provider.