Data services provider Element Critical has acquired a 62,000-square-foot data center in Austin.
The acquisition brings the number of Element Critical's data center investment in the Lone Star State to two. The facility will support seven megawatts of critical IT load, which is key to supporting the growing demand of the IT market in Austin. The facility is in northern Austin at the heart of the Texas Triangle, above the flood zone and is mere minutes away from Austin International Airport.
"Texas businesses are ready for evolved digital services," Ken Parent, CEO of Element Critical, said in a press release. "We are focused on establishing a strong foothold in the Austin market. Together with our state-of-the-art Houston facility, we can support production and Disaster Recovery environments between the two urban centers from one platform."
Element Critical acquired the facility from Colorado-based vXchange, making it the latter's third sale in a year. Founded in 2014, Element Critical owns four other data centers in California, Illinois and Virginia. The company provides tailored data center services, according to a press release.
The facility holds greater than 60 customers and has a seven-acre campus, according to a press release. Element Critical is planning to add six megawatts of utility capacity over the next one or two years to deal with increasing demand for data center space in Austin. Element Critical supports hybrid workflows and on-ramp access to cloud providers through Megaport.
The facility is not currently listed on vXchange's official website. The law firms of Greenberg Traurig, LLP, and Shearman & Sterling LLP provided assistance to Element Critical during the transaction while Bank Street Group LLC worked with the seller, as reported by a press release from the company. This story was initially reported by Christian Koch’s Foundations newsletter, according to an article from Data Center Dynamics.