Akin Gump Advises IPI Partners in Data Center Acquisition

(Fort Worth, Texas) – 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.

The Akin Gump team advising IPI Partners was led by real estate partner Marc Epstein 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.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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