fifteenfortyseven Critical Systems Realty (1547), a leading developer, operator, and owner of highly-interconnected, custom-designed data centers in North America, announced that the company has partnered with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets. Together, the two companies will begin their seventh data center endeavor to purchase the iconic Chase Tower in McAllen, TX, one of the most important Internet exchange locations for telecommunication traffic between Texas and Mexico.
Chase Tower is a major telecommunications hub in McAllen, TX and has over 209,000 square feet of space that serves as the financial center for the Rio Grande Valley region. The tower has 46 different carrier networks established inside which makes it an ideal location for data centers and telecommunication hubs. The property’s two-carrier neutral meet-me-rooms (“MMR”) provide customers access to short-haul, long-haul, and dark fiber providers.
The joint venture between 1547 and Harrison Street has also acquired CarrierCom, a data center provider located in Chase Tower. This acquisition will give the joint venture partners ownership and operation of an international carrier-neutral colocation facility backed by 24x7x365 support services. In 2024, additional space for both business and personal use will become available at the site.
Harrison Street is committed to investing in digital assets that are integral to the functioning of the digital ecosystem. To date, they have invested more than $2.6 billion into powered shells, carrier hotels, strategic colocations and dark fiber investments – all with an aim of creating operational synergies with end users.