Flexential Announces Partnership with Legacy Investing and Invesco Real Estate on 130,000 Square Foot Expansion in Plano, Texas

With the fast-growing demand for data center services in Plano and the broader Dallas market, the agreement between Flexential, Legacy, and Invesco Real Estate will allow Flexential to fater and efficiently introduce this project to market while giving Legacy and Invesco Real Estate a splendid investment opportunity.

FREMONT, CA: Flexential, a leading provider of cloud, data center colocation, and connectivity services, has declared that it has entered into a leaseback agreement with Legacy Investing and Invesco Real Estate. The deal will allow for a 130,000 square foot expansion of Flexential's state-of-the-art Plano, Texas facility, more than doubling capacity at that data center to more than 260,000 square feet and bringing Flexential's Dallas market capacity to more than 432,000 square feet.

This new agreement follows a new sale-leaseback partnership with Legacy Investing and Invesco Real Estate for Flexential's Hillsboro 3 data center in Portland in April 2020. The continuous support of Legacy Investors and Invesco Real Estate demonstrates the value of the Flexential brand overall as well as its franchise in the Dallas market.

With the fast-growing demand for data center services in Plano and the broader Dallas market, the agreement between Flexential, Legacy and Invesco Real Estate will allow Flexential to faster and efficiently introduce this project to market while giving Legacy and Invesco Real Estate a splendid investment opportunity.

"Our continued partnership with Legacy Investing and Invesco Real Estate allows Flexential to expand at an even faster rate to meet heightened demand in hypergrowth markets such as Plano, Texas and Portland," stated Chris Downie, CEO, Flexential. "We are committed to continued investment in the 38 highly connected data centers in our platform of hybrid IT infrastructure solutions and are pleased that this partnership is enabling us to realize quick and efficient growth."

"We are pleased to continue our partnership with Flexential, a national market leader, to meet the massive and growing demand for data center services in the Dallas region," stated Jay Rappaport, Legacy Investing CEO and co-founder. "This mutually beneficial partnership is part of our broader focus on data center real estate and will allow Flexential to concentrate its capital on operations to maximize its returns."

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