Expanding Operator Partnership in Atlanta and Toronto Markets
EL SEGUNDO, Calif.--(BUSINESS WIRE)--#Acquisition--Landmark Dividend LLC (“Landmark”), an industry leader in the acquisition and development of real property interests and digital infrastructure, announced today that its controlled affiliate – Landmark Infrastructure Partners LP (“LMRK”) - has acquired Sungard Availability Services’ (Sungard AS) data centers in Mississauga (Toronto) Ontario, Canada and Smyrna (Atlanta), Georgia. The data centers, combined, offer over 215,000 square feet of data center, colocation and disaster recovery space, dedicated suites, customer network and conference facilities and office space, and are ISO/IEC 27001:2013 certified. Sungard AS has executed long-term leases for each facility to remain the sole operating partner within each property. These acquisitions mark the fourth and fifth data centers that Landmark Dividend or its affiliates have acquired from and that are occupied by Sungard AS, and represents a cumulative total of 25 data center assets acquired by the digital infrastructure division in the last 24 months.
Both of the recently acquired data centers offer over 2MW of critical IT load, and are designed for full redundancy, offering high-performance applications an array of colocation services from high-quality conditioned space, power and network access to managed colocation including monitoring, security, and data backup services. The facilities boast optimized physical security features including video surveillance, mantraps and a two-stage authentication process to enter the data center areas. The facilities will continue to be fully managed and operated by Sungard AS – assuring the company’s ongoing commitment to their customers.
“Expanding our partnership with Sungard AS while also delivering our international capabilities and digital infrastructure platform in Canada is an excellent opportunity for our group,” comments Ryan Sullivan, Senior Vice President of Landmark’s Digital Infrastructure division. “Our track record with Sungard AS is proven with multiple transactions completed now both at Landmark Dividend and our affiliate, LMRK, including a recent long-term extension in Dallas, and previous acquisition in Boston. We are excited to expand our portfolio in these regions and to build upon our track record with Sungard AS.”
“Sungard AS is pleased to expand our long-standing, trusted and proven partnership with the Landmark Dividend family in the key markets of Toronto and Atlanta,” comments Thomas Perkins, Vice President, Data Center Operations, Engineering and Real Estate. Today, Sungard AS leases a significant portion of our global footprint, which spans more than 5 million square feet over 35 markets across 9 countries. We view this latest transaction as an opportunity to continue to serve our customers long-term out of these critical markets, while at the same time fully managing and operating the centers as we do today, but without the need to own the real estate asset. This transaction allows us to focus our future investments on our solutions roadmap and not the physical building structures.”
DH Capital served as the exclusive financial advisor to Sungard AS for the data center portfolio transaction.
Sungard will remain the sole leaseholder in each of the acquired data centers. For more information about Landmark Dividend LLC and the company’s new Mississauga (Toronto), Ontario Canada and Smyrna (Atlanta), Georgia data centers please visit www.landmarkdividend.com.
About Sungard Availability Services
Sungard Availability Services (Sungard AS) is a leading provider of cloud connected infrastructure solutions serving enterprise customers from 75 hardened data centers and workplace recovery facilities in nine countries. Sungard AS has a 40-year track record of delivering resilient and highly available hybrid IT solutions. Backed by high performance networks, Sungard AS modernizes customers’ end-to-end IT across connected infrastructure, cloud, recovery, and workplace solutions. Working with customers to understand their business objectives, Sungard AS identifies gaps in customers’ current environments and tailors a solution to achieve their desired business outcomes. Visit Sungard AS at www.sungardas.com or call 1.888.537.6519. Connect with us on our blog, LinkedIn, Twitter, Facebook and YouTube.
Sungard Availability Services is a trademark or registered trademark of SunGard Data Systems or its affiliate, used under license. The Sungard Availability Services logo by itself and Recover2Cloud are trademarks or registered trademarks of Sungard AS New Holdings III, LLC. or its affiliates. All other trade names are trademarks or registered trademarks of their respective holders. ©2020 Sungard Availability Services. All rights reserved.
About Landmark Dividend LLC
Landmark Dividend LLC is a real estate and infrastructure acquisition and development company focusing on the digital infrastructure, wireless communications, outdoor advertising and renewable power generation industries.
Landmark currently manages over 5,000 assets originated on behalf of Landmark, its active private investment vehicles and Landmark Infrastructure Partners LP (NASDAQ: LMRK). LMRK is a publicly traded subsidiary of Landmark Dividend LLC established to acquire, own and manage a diversified, growing portfolio of real property interests and infrastructure assets.
To learn more about Landmark, please visit www.landmarkdividend.com.
Media Contact for Landmark Dividend:
Executive Vice President, Digital Infrastructure
Media Contact for Sungard Availability Services
Senior Vice President, Global Corporate Communications