DATABANK ANNOUNCES ACQUISITION OF PNC BANK’S PITTSBURGH DATA CENTER THROUGH STRATEGIC SALE-LEASEBACK TRANSACTION
Dallas, Texas – January 30, 2019 – DataBank, a leading provider of enterprise-class data center, connectivity and managed services, announced today the acquisition of PNC Bank’s data center located in North Fayette Township near Pittsburgh, PA. This marks DataBank’s second data center in the Pittsburgh market and includes a long-term lease with PNC Bank, which will become the facility’s anchor tenant. PNC Bank, the sixth largest commercial bank by assets in the U.S., offers a wide range of financial services, consumer banking, lending products, and specialized services for corporations and government entities.
The secure three-story facility is 115,000 sq. ft. and, as part of the long-term lease, PNC Bank will occupy the entire second floor. DataBank will operate the facility to meet FedRAMP certification under the Federal Information Security Management Act (FISMA) compliance standard. In addition, DataBank will implement a significant expansion and augmentation to the facility’s power and cooling systems to accommodate additional tenants on the third floor and provide an incremental 25,000 of RSF and 2.75MW of 2N power.
“We are thrilled to be able to expand in the incredibly innovative and growing Pittsburgh market with PNC as our anchor tenant in our second data center location,” stated Raul K. Martynek, CEO, DataBank. “We believe there is a shortage of high quality, enterprise-grade colocation options in the market and this new Pittsburgh facility will meet that need. We look forward to serving PNC Bank’s data center requirements and those of similar enterprises in the area.”
“We chose to partner with DataBank because of their operational expertise and dedication to customer service. PNC is excited to be working with DataBank as a long-term partner,” commented Frank Walters, Senior Vice President and Chief Operating Officer, Realty Services.
Pittsburgh is renowned for its concentration of advanced high-tech organizations including Carnegie Mellon University and its world-class robotics program, the University of Pittsburgh with its multi-disciplinary research centers, the Pittsburgh Supercomputing Center, as well as burgeoning AI-driven sectors such as autonomous vehicles and world class biomedical research organizations. PIT2 will offer high capacity infrastructure services to support these organizations along with:
- Ample Power: FirstEnergy’s West Penn Power provides dual utility power feeds from a substation directly across the street from the facility enabling long-term growth and an incremental 2.75MW of sellable UPS.
- Campus Expansion Potential: Significant expansion capacity with almost 10 acres of adjacent owned land.
- Network Diversity Options: Four fully diverse on-net fiber providers with multiple fiber routes to DataBank’s PIT1 location, which has more than 20 fiber providers and acts as the primary interconnection point and Meet Me Room in the market.
With PIT2, DataBank expands its data center count to 19 facilities in 9 markets, including the pending acquisition of LightBound in Indianapolis. For more information, please visit www.databank.com.
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About DataBank
DataBank is a leading provider of enterprise-class data center, cloud, and interconnection services, offering customers 100% uptime availability of data, applications and infrastructure. Databank’s managed data center services are anchored in world-class facilities. Our customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives. DataBank is headquartered in the historic former Federal Reserve Bank Building, in downtown Dallas, TX. For additional information on DataBank locations and services, please visit www.databank.com or call 1(800) 840-7533.
