Aug 14, 2024 | Posted by Abdul-Rahman Oladimeji
RadiusDC this week announced the acquisition of Miami I in the Sweetwater area of the city from NextStream, a data center operator in Latin America owned by Actis. RadiusDC said it plans to immediately expand the site's capacity from 3.2MW to 9.2MW.
"We believe Miami I is an ideal asset to expand the geographic reach of our connectivity-focused platform given the strength of its existing network and immediately available growth potential," stated Mike Krza, RadiusDC CEO. "We are excited to deliver new strategic data center capacity in the South Florida market over the coming year."
"The Miami I acquisition represents an important milestone in our plan to expand the RadiusDC platform. These assets allow us to address another important edge market with significant expansion capacity for our core hyperscale customer base in a highly connected environment," added Christopher Jensen, managing director of IPI.
"Data centers are crucial in connecting communities, enabling economic growth, and in providing access to information and education," said Mauricio Giusti, partner at Actis. "With this sale, we have found a strong buyer in RadiusDC, and we look forward to seeing Miami I grow under its new ownership, as NextStream continues to focus on the rapidly expanding Latin American market."
