RadiusDC has acquired a data center in Miami, Florida.
The company this week announced the acquisition of Miami I in the Sweetwater area of the city.
RadiusDC acquired Miami I from NextStream, a data center operator in Latin America owned by Actis. Terms were not disclosed.
"We believe Miami I is an ideal asset to expand the geographic reach of our connectivity-focused platform given the strength of its existing network and immediately available growth potential," stated Mike Krza, RadiusDC CEO. "We are excited to deliver new strategic data center capacity in the South Florida market over the coming year."
Spanning 170,000 square feet (15,795 sq ft) of data center space across two stories, Miami I has the potential to support more than 15MW of critical IT power capacity. The carrier-neutral facility offers connectivity to 11 fiber optic and network service providers.
RadiusDC said it plans to immediately expand the site's capacity from 3.2MW to 9.2MW. The initial phase of construction is expected to be completed during the first half of 2026.
"The Miami I acquisition represents an important milestone in our plan to expand the RadiusDC platform. These assets allow us to address another important edge market with significant expansion capacity for our core hyperscale customer base in a highly connected environment," added Christopher Jensen, managing director of IPI.
IPI – which also owns Stack – launched RadiusDC in September 2022. The company initially offered space in the 1500 Champa carrier hotel in Denver, Colorado, acquired by IPI the previous year.
"Data centers are crucial in connecting communities, enabling economic growth, and in providing access to information and education," said Mauricio Giusti, partner at Actis. "With this sale, we have found a strong buyer in RadiusDC, and we look forward to seeing Miami I grow under its new ownership, as NextStream continues to focus on the rapidly expanding Latin American market."
Originally built for Telefónica's own uses, the telco sold a majority stake in its Latin American and US data centers to investment firm Asterion in 2019. Asterion then founded new operator Nabiax from the portfolio, with Telefónica as an anchor customer.
Actis then acquired Nabiax’s Latin American data center footprint last year, taking over 11 data centers across six countries in Latin America and the US, and renaming the unit Nextstream.
Owned by General Atlantic, Actis has a number of digital infrastructure investments. As well as Nextstream, Actis has previously invested in Chayora in China and Rack Centre in Nigeria. The company also has towers investments in Europe and South Africa, as well as a number of energy firms. It recently formed an Asia-focused data center platform.
Greenhill, a Mizuho affiliate, and Akin Gump Strauss Hauer & Feld LLP served as financial advisor and legal advisor, respectively, to RadiusDC. BBVA served as financial advisor and Pinheiro Neto Advogados and Holland & Knight served as legal advisors to Actis and NextStream.
