Cervalis raises $75m for 170,000-sq-ft data center

Shelton-based Cervalis L.L.C. raised $75 million in new funding, with plans to build a new data center at 10 Norden Place in Norwalk and pay off existing debt.

The center will occupy 170,000 square feet of space, making it among the largest build-to-suit transactions in Fairfield County in recent years, according to Jones Lang LaSalle, a commercial broker with a Stamford office which represented Cervalis alongside Howard Properties Ltd. of White Plains, N.Y.

The new center will have 50,000 square feet of raised-floor data center space, with 16 megawatts of utility power and 3,500 tons of cooling capacity, enabling Cervalis to support high density configurations.