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December 16, 2024

CT data center sold for $10M

Google Maps The data center at 80 Merritt Blvd., Trumbull.
By Andrew Larson

A subsidiary of the Tampa-based investment company Carter Funds has acquired a data center in Trumbull for $10 million.

Aphorio Carter Critical Infrastructure Fund LLC announced Monday morning that it had completed the purchase of the data center, located at 80 Merritt Blvd. It was previously owned by Digital Realty.

The data center, built in 1960 for the Nasdaq, spans 227,552 square feet and sits on 8.4 acres. It contains two data center pods and one disaster recovery pod.

The facility provides 15 megawatts of power along with access to four fiber networks. 

The data center has multiple tenants, including a global financial services group, information technology services company, registered broker-dealer, equities trading company and a global investment firm. 

Aphorio Carter has acquired 125 data centers worldwide. This is its seventh acquisition in two years, bringing its portfolio to $203 million in critical infrastructure and data center assets under management.

John Regan, chief investment officer of Aphorio Carter, said that New York is the eighth most developed U.S. data center market, but is struggling to meet AI demand, causing data centers to experience low vacancies and rising rents. 

“We hope that our newest acquisition will help meet the growing demand for data center space in that region," he said.

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