Landmark Dividend LLC (“Landmark”), an industry leader in the acquisition and development of real property interests and digital infrastructure, announced today that its controlled affiliate – Landmark Infrastructure Partners LP (“LMRK”) – has acquired Sungard Availability Services’ (Sungard AS) data centers in Mississauga (Toronto) Ontario, Canada and Smyrna (Atlanta), Georgia. The data centers, combined, offer over 215,000 square feet of data center, colocation and disaster recovery space, dedicated suites, customer network and conference facilities and office space, and are ISO/IEC 27001:2013 certified. Sungard AS has executed long-term leases for each facility to remain the sole operating partner within each property. These acquisitions mark the fourth and fifth data centers that Landmark Dividend or its affiliates have acquired from and that are occupied by Sungard AS, and represents a cumulative total of 25 data center assets acquired by the digital infrastructure division in the last 24 months.
Both of the recently acquired data centers offer over 2MW of critical IT load, and is designed for full redundancy, offering high-performance applications an array of colocation services from high-quality conditioned space, power and network access to managed colocation including monitoring, security, and data backup services. The facilities boast optimized physical security features including video surveillance, mantraps and a two-stage authentication process to enter the data center areas. The facilities will continue to be fully managed and operated by Sungard AS – assuring the company’s ongoing commitment to their customers.
“Expanding our partnership with Sungard AS while also delivering our international capabilities and digital infrastructure platform in Canada is an excellent opportunity for our group,” comments Ryan Sullivan, Senior Vice President of Landmark’s Digital Infrastructure division. “Our track record with Sungard AS is proven with multiple transactions completed now both at Landmark Dividend and our affiliate, LMRK, including a recent long-term extension in Dallas, and previous acquisition in Boston. We are excited to expand our portfolio in these regions and to build upon our track record with Sungard AS.”
“Sungard AS is pleased to expand our long-standing, trusted and proven partnership with the Landmark Dividend family in the key markets of Toronto and Atlanta”, comments Thomas Perkins, Vice President, Data Center Operations, Engineering and Real Estate. Today, Sungard AS leases a significant portion of our global footprint, which spans more than 5 million square feet over 35 markets across 9 countries. We view this latest transaction as an opportunity to continue to serve our customers long-term out of these critical markets, while at the same time fully managing and operating the centers as we do today, but without the need to own the real estate asset. This transaction allows us to focus our future investments on our solutions roadmap and not the physical building structures.”
DH Capital served as the exclusive financial advisor to Sungard AS for the data center portfolio transaction.
Sungard will remain the sole leaseholder in each of the acquired data centers. For more information about Landmark Dividend LLC and the company’s new Mississauga (Toronto), Ontario Canada and Smyrna (Atlanta), Georgia data centers please visit http://www.landmarkdividend.com.