Novva Data Centers has acquired a 37-acre data center campus in Colorado Springs, Colorado.
The acquisition site includes a 190,000 sq ft data center built in 2005 with 6MW of designed capacity. Novva said it will expand the campus to 30MW, with an additional 250,000 square feet, and invest over $200 million.
“We are really excited to move into the Colorado market,” says Wes Swenson, CEO of Novva Data Centers. “Our mission at Novva is to serve the Western United States, providing purpose-built designs, high capacity data center services to the area and our customers. This facility will be a great addition to our portfolio and we look forward to further growth in these markets.”
The company said it plans to shift the site to 100 percent renewable energy and waterless cooling.
Novva has also secured an anchor tenant in conjunction with the acquisition.
According to JLL, the deal was valued at $38.5 million.
“We are excited for the opportunity for Novva to enter the Colorado Springs market and grow their existing customer base,” added JLL’s senior managing director, Mark Bauer. “This site offers an ability to use a combination of the existing buildings and infrastructure already on site as well as the excess acreage for future development.”
The company is currently building another data center campus in Salt Lake City, Utah, The site, set to open in September of this year, will have 1.5 million square feet of built data center space and 180MW capacity. It says the campus will feature waterless cooling systems, renewable energy, as well as drone and robot dog facility monitoring.
Novva CEO Swenson is the former CEO of C7 Data Centers, which was acquired by Databank in 2017. The company is funded by CIM Group, a REIT owner, operator, lender, and developer.
Update: The Gazette reports that the facility, which opened in 2005, was previously owned by insurance firm Progressive.
Jeff Sibel, a Progressive spokesman in Ohio, where the company is based, said Progressive hired JLL Capital Markets to sell the center after an internal review determined the company no longer needed the entire facility.
Cloud storage had reduced the space Progressive needed in its data center. The company still operates a call center and information technology operation on an adjacent campus at 12710 Voyager Parkway.
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