Five 9s Digital Advises On Level 3 Data Center Acquisition
Five 9s Digital provided advisory services for a client in the acquisiton of a 135,000 SF data center complex on 15.5 acres leased to Level 3 Communications in Minnetonka, Minnesota. The data center was purchased with a long term NNN lease with Level 3 which occupies the majority of the complex. Level 3 inherited the robust data center opertations and lease via its acquisiton of TW Telecom.
Over the past several years, the Twin Cities metropolitan area has experienced considerable data center growth due to its robust economy, geographic location, connectivity and high concentration of Fortune 500 companies.