Centersquare Adds 10 Data Centers in $1B North America Push

The colocation provider, which operates in key markets across North America and the U.K., said the transactions lift its portfolio to 80 data centersand broaden capacity in several metro areas where enterprise and cloud buyers are actively consolidating infrastructure.

According to the company, the package includes two sites in Boston and Minneapolis that Centersquare had been operating under long-term leases and now owns outright, together with eight additional colocation facilities in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal. Management characterized the assets as bringing substantial power and floorspace to the platform, with an existing mix of enterprise and hyperscale customers and room for future expansion. Centersquare said the $1 billion enterprise value is being self-funded with cash on hand.

Chief executive Spencer Mullee framed the acquisitions as a strategic capacity play rather than pure scale. He argued that customers ranging from mid-market enterprises to large-scale buyers are looking for operators that can match their growth trajectories with reliable power, carrier-dense connectivity, and engineered environments suitable for modern compute. The company has been positioning its facilities for higher rack densities associated with GPU clusters that underpin generative AI, machine learning pipelines, and analytics workloads.

Access to High-Availability Power

Udhay Mathialagan, chair of Centersquare and CEO of Brookfield Global Data Centers, linked the transaction to a broader shift underway in IT infrastructure. He cited increased off-premises migration by enterprises, reconsideration of “all-in” public cloud strategies, and the compute intensity of AI-driven architectures as forces changing the demand profile for colocation. Over the past two years, he added, Centersquare has grown its revenue base and built a cost-efficient operating model, which the company believes supports confidence in underwriting additional acquisitions.

The announcement would underscore how AI adoption is reshaping data-center investment, with operators racing to add power-dense capacity and the electrical and cooling designs that support it. For buyers, the draw is less about square footage than about access to high-availability power, short lead times for interconnects, and facilities engineered for liquid or advanced air cooling where necessary. Centersquare’s latest expansion concentrates inventory in markets where enterprises can interconnect with clouds, carriers, and partners while keeping sensitive data close to operations.

As supply chains for critical equipment remain tight and power availability is uneven across regions, the ability to fund and close transactions without external capital could provide execution flexibility. Centersquare’s bet is that additional owned capacity in multiple metros will position it to capture workloads that require both geographic diversity and consistent, high-density environments as AI projects move from pilots to production.