Netrality Properties announces the acquisition of 1301 Fannin Street, a 1,100,000 square foot fiber-rich building located in Houston, TX.
1301 Fannin Street was originally developed in 1981 as an enterprise data center and office building. It was later converted to a telecom carrier hotel and office building. 1301 Fannin houses over a dozen networks and nearly 400,000 square feet of data center space, with additional square footage available to be converted to network colocation use.
The 25-story, 1,100,000-square-foot property is one of the most fiber-dense, network-neutral facilities in Houston. The building serves as a major hub for data and Internet traffic and provides reliable network interconnection infrastructure for carriers, service providers, and enterprise customers. The building also provides highly reliable data center operations with its robust floor loads, power and HVAC infrastructure.
Netrality intends to undertake immediate construction work at the property, including development of a new “Meet Me Room” to draw additional network operators to the building. The first phase of Netrality’s owner-operated, carrier-neutral “Meet Me Room” is scheduled to open in mid-2015, affording new and existing customers the opportunity to interconnect with one and other reliably and cost effectively.
Netrality will also be developing plans to convert two floors for additional data center space, which could add up to 100,000 square feet of additional data center, pending tenant demand. 1301 Fannin Street joins Netrality’s growing portfolio of carrier hotel properties. For more information on Netrality Properties, visit www.netralityproperties.com.