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Infomart Transaction Consists of Cash and Securities

ASB benefited from significant value creation during the term of its investment, and saw the opportunity to realize gains for its investors, while rebalancing its diversified real estate portfolio in line with allocation targets.

ASB Infomart ASB purchased Infomart Dallas in 2005, expanding its capacity to 110 carriers.

DALLAS—ASB Real Estate Investments announced a definitive agreement to sell Infomart Dallas, the 1.6 million-gross-square-foot data center and office complex, to Equinix Inc. for $800 million. The transaction consideration will consist of cash and debt securities paid out to ASB during a 36-month period following closing.

ASB agreed to execute the transaction on behalf of its Allegiance Fund, a $7.4 billion core real estate investment vehicle. The sale is targeted to close during the second quarter of 2018.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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