Two telecommunications data centers owned by US Internet service provider Brightspeed are up for sale in Missouri.
Maher Commercial Real Estate is offering 1008 N. Elm Street in Rolla and 319 Madison Street in Jefferson City as up for sale in sale-leaseback deals.
The Rolla facility, set on half an acre in Phelps County, is available for $2.9 million. The 31,355 sq ft (2,110 sqm) facility would be leased back to Brightspeed on a 20-year initial term.
“1008 N Elm St. is a central office for Brightspeed. The building provides pivotal telecommunications infrastructure for the City of Rolla,” according to the sales brochure.
In Jefferson City, the 59,010 sq ft (5,480 sqm) telecommunications/office building is on the market for $4.6 million, also on a 20-year leaseback term. Set on 0.76 acres, Maher said the former CenturyLink site, built around 1970, provides fiber and cable support for all of the city.
Brightspeed was officially formed in October 2022 after Apollo Global Management acquired the broadband and telecom assets of Lumen Technologies – taking over the former CenturyLink company’s ILEC (incumbent local exchange carrier) business in 20 states. Abu Dhabi's sovereign wealth fund Mubadala Investment Company is also an investor.
An ILEC is a local telephone company (or successor company) that held a regional monopoly on landline services before the market was opened to competitive local exchange carriers.
Another Brightspeed facility in Missouri was sold late last year. 625 Cherry Street in Columbia, a 97,540 sq ft (9,060 sqm) central office, was sold in December. The former CenturyLink facility was on the market for $8.5 million in another sale-leaseback arrangement.
Last year a Brightspeed data center in Virginia's Charlottesville was also up for sale in a sale-leaseback deal.
