Network of Telecom Hotels Expands

PHOENIX-Sterling Exchange Network, an affiliate of Chicago-based Sterling Capital, is expanding its network of telecom hotels in the Valley with the purchase of an industrial building near the airport and a parcel of land Downtown.

Sterling purchased for $7 million a 324,000-sf industrial building at 1402 E. Buckeye Rd., just west of the city’s main airport, Sky Harbor International Airport. Sterling has begun renovation and expansion of the facility, which will have 434,000 sf when completed.

The building will be part of the Sterling Exchange Network, which has a series of technology exchanges throughout the country. The network provides core bandwidth to a variety of telecom carriers, local exchange carriers, web hosts, Internet service providers and application service providers.