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QTS Realty pays about $50M for Texas data center

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QTS Realty pays about $50M for Texas data center

QTS Realty Trust Inc. acquired a 260,000-square-foot data center in Fort Worth, Texas, for roughly $50 million, which it funded through its revolving credit facility.

Health Care Service Corp., which sold the facility, will continue to be the property's anchor tenant with a one-megawatt lease.

The 53-acre facility marks QTS Realty's second mega data center in the Dallas-Fort Worth-Irving market, and the transaction creates a new strategic relationship between the company and the insurer.

The facility offers 40,000 square feet of built-out raised floor and 8 megawatts of gross power, with powered shell that can accommodate about 80,000 square feet of raised floor. The site, including adjacent land, can ultimately accommodate more than 300,000 square feet of raised floor and 60 megawatts of gross power.

In 2014, QTS Realty established similar ties through S&P Global Inc., formerly known as McGraw Hill Financial Inc., which at that time sold an East Windsor, N.J., data center for roughly $75 million.