NEW YORK, NY – January 16, 2015 – Long-‐time joint venture partners Amerimar Enterprises, Inc. and Hunter Newby announce the launch of Netrality Properties. Netrality owns and operates strategic carrier hotels in North America and has an aggressive plan to acquire additional properties in Tier 1 and Tier 2 markets on the continent. Netrality’s carrier hotels are core network interconnection facilities characterized by the presence of significant fiber connectivity, a carrier-‐neutral meet me room (MMR) coupled with colocation space, and no monthly recurring costs for cross connections between networks with a presence in the MMR. Netrality currently owns and operates 1,900,000 square feet across four properties in the continental United States.
Netrality CEO Jerry Marshall states, “Netrality Properties is the result of a fifteen year relationship which has culminated in the creation of a business model that effectively integrates operation of meet me room and colocation facilities with the ownership of real property. We believe we have created the
most cost-‐effective and stable operating model for our network and enterprise customers available in
core interconnection facilities.”
“For years, I have been asked by the industry to bring back my original MMR model of no monthly recurring charges for cross connects. Today, we bring that model back,“ adds partner Hunter Newby. “And we do so with unified building and MMR ownership to create a stable environment for all network operators.”
Netrality Properties offers: colocation cabinets, cages, and suites, as well interconnection and remote hands services. Netrality also offers wholesale data center and powered shell in select locations. Netrality’s mission is to provide a stable, long-‐term network neutral environment for its customer’s to operate and grow their network businesses. Netrality Properties offers customers a direct relationship with building ownership and the flexibility to offer the longest-‐term agreements available in the market, which is critical for core network nodes.
Marshall and Newby first met in Philadelphia in 1999 when Newby came to visit Amerimar’s 1.1 million square foot redevelopment project at 1500 Spring Garden Street. While Marshall looked to attract telecom companies to his latest development, Newby advised that core network connectivity in the Philadelphia region resided at 401 North Broad. Marshall subsequently leased 1500 Spring Garden to a hybrid of data center and office users, successfully repositioning the building. However, the pair stayed in touch over the years waiting for the right opportunity to merge their skill sets of real estate development and network operations, finally striking gold on 325 Hudson in the spring of 2012. The partnership has since acquired three additional assets, including 401 North Broad, and is currently on track to increase their total square footage under ownership to over three million by the end of Q1
2015.
For more information on Netrality Properties, please visit www.netralityproperties.com.
About Netrality Properties
Netrality Properties integrates the ownership of carrier hotel real estate and the operation of data center colocation, providing network neutral “Meet Me-‐Room” environments with long-‐term stability and no monthly recurring charges for cross connections. Netrality Properties currently include 325 Hudson Street in New York(owned in Joint Venture with Jamestown, LP), 401 North Broad Street in Philadelphia, 1102 Grand in Kansas City, and 717 South Wells in Chicago. Netrality is a joint venture operated by affiliates of Amerimar Enterprises and Hunter Newby. For more information on Netrality Properties, please visit www.netralityproperties.com.
About Amerimar Enterprises
Amerimar Enterprises, Inc. is a real estate development, investment and management firm with offices in Philadelphia and New York. Amerimar is a recognized leader in the renovation and repositioning of office, hotel, retail, multi-‐family, mixed-‐use, and telecom properties throughout the US and UK. Since
1993, Amerimar has acquired over 50 properties totaling approximately over 5 million square feet of data center, 5.8 million square feet of office, 870,000 square feet of retail, 3,200 hotel rooms and 2,600 residential units. 23 of those projects were either new development or substantial renovations. For more information on Amerimar, please visit www.amerimar.com.
About Hunter Newby
Hunter Newby is the Founder & CEO of Allied Fiber. He is also a member of Standard & Poor’s Society of Industry Leaders and is a former Vice Chairman of the Pacific Telecommunications Council‘s Advisory Council 2004-‐2008. Prior to Allied Fiber, Mr. Newby served as Chief Strategy Officer of The telx Group. Mr. Newby was one of the original founders of telx in 2000 and helped lead the Company through a highly successful sale process to GI Partners in 2006. Mr. Newby is a recognized authority in the telecommunications industry, has served on several Advisory Boards, is a published author, public speaker and the recipient of numerous awards, including being named to the Global Telecoms Business Top 40 Under 40 in 2010.
For more information please contact: Jaymie Scotto & Associates pr@jaymiescotto.com
Tel: +1.866.695.3629
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