Japanese tech giant NTT Data has sold two of its American properties to California-based private investment company GI Partners.

In the last three years, GI Partners have acquired several data center locations across the US and Canada.

NTT Data HQ in Tokyo
NTT Data HQ in Tokyo, Japan – Wikimedia Commons

Two locations

GI Partners' newly acquired Plano campus spans more than one million square feet (93,000 sq m), including two data centers, leasable office space and an on-site substation, with potential for further expansion.

The Quincy facilities were purpose-built in 2012 and feature 14MW of power capacity over 180,000 square feet (16,700 sq m).

Both properties will be leased back to NTT Data on a long-term basis.

The Japanese telecoms company owns data centers in more than 20 countries; its parent company, Nippon Telegraph & Telephone, was recognized as the 46th largest public company in the world by Forbes Global 2000 in 2018.

This time last year, GI Partners acquired the Ericsson ICT data center in Montreal, Quebec. Financial terms of the deal were not discussed, but Ericsson originally announced the data center would be a CA$1.3 billion (US$1bn) investment.

GI Partners also owns data center locations in New Jersey, Texas, Colorado, Los Angeles and Seattle.

"We look forward to continuing our relationship with NTT Data and expanding our data center footprint in the Dallas metroplex, which continues to be a very attractive market with increasingly attractive demand prospects," commented Mike Armstrong, director of GI Partners and head of acquisitions for its technology real estate investment programs. "Quincy is unique given the 100 percent 'green' hydroelectric power and emerging profile as a destination for large footprint data center users.”

GI Partners has not responded to a request for information on purchase price.