Savills Studley Critical Facilities Group secures 1MW of data center space for ANEXIO in VA
Ashburn, VA — Savills Studley, a leading commercial real estate firm specializing in tenant representation, announced that the company’s Critical Facilities Group secured 1MW of data center capacity for ANEXIO, a Raleigh, NC-based company that provides large-scale Infrastructure-as-a-Service solutions from desktops to data centers.
Savills Studley worked with ANEXIO to acquire and restructure an existing agreement for data center capacity from RagingWire Data Centers in the company’s VA1 facility in Ashburn and CA1 facility in Sacramento, California. An existing tenant within the RagingWire facility who provided retail colocation and managed services no longer required the capacity, and was looking for a way to reduce their remaining obligation and exit the business. Remaining contract term and existing retail colocation clients made the agreement complex. Rick Drescher and Ian Zilla of Savills Studley worked with ANEXIO’s executive management team to address all aspects of the transaction, including ensuring the transition from the existing provider to ANEXIO went as smoothly as possible. While the technical and operational aspects of the arrangement were complex, so was finding the right financial structure that would be accepted by all three parties – ANEXIO, RagingWire and the existing tenant.
“As ANEXIO continues to expand its customer base and service offerings, their existing data center inventory in Northern Virginia is quickly being consumed by customers,” said Drescher.