Akin Gump Advises IPI Partners in Data Center Acquisition
Infomart Data Centers, a national wholesale carrier-neutral data center provider, has announced the sale of three of its data centers and its management company to IPI Data Center Partners Management, LLC (“IPI Partners”) by ASB Real Estate Investments. IPI Partners, which was advised by Akin Gump, is an investor in data centers and other technology and connectivity-related real assets. Financial terms were not disclosed.
As part of the transaction, an affiliate of IPI Partners will acquire Infomart’s data centers in San Jose, Calif.; Hillsboro, Ore.; and Ashburn, Va. Combined, the three data centers total 665,000 square feet with 27.2 megawatts of total in-place capacity and 29.7 megawatts of additional expansion potential.
IPI Data Center Partners Management, LLC provides real estate investment services. The Company invests in data centers, technology, and connectivity related real assets.
The Akin Gump team advising IPI Partners was led by real estate partner Marc Epstein (Picture) and counsel Chad Richwine along with corporate partner Lisa Peterson and counsel Michael Smith. They were joined by corporate partner Matthew Bivona; environment and natural resources partner David Quigley and senior counsel Andrew Oelz; intellectual property partner David Lee; tax partner Ron Nardini, senior counsel Michael Gerald and associate David Holmberg; labor and employment senior counsel R.D. Kohut; litigation associate George Wolfe and senior practice attorney Stacy Kobrick; antitrust partner Paul Hewitt; and real estate counsel Kent Watson and associate Jody Novak.
Involved fees earner: Lisa Peterson – Akin Gump; Michael Midei Smith – Akin Gump; Matthew Bivona – Akin Gump; Marc Epstein – Akin Gump; Chad Richwine – Akin Gump; Kent Morris Watson – Akin Gump; Jody Novak – Akin Gump; David Quigley – Akin Gump; Andrew Oelz – Akin Gump; David Lee – Akin Gump; Ron Nardini – Akin Gump; Michael Gerald – Akin Gump; David Holmberg – Akin Gump; R.D. Kohut – Akin Gump; George Wolfe – Akin Gump; Stacy Kobrick – Akin Gump; Paul Hewitt – Akin Gump;
Law Firms: Akin Gump;
Clients: IPI Data Center Partners Management LLC;