DALLAS, Nov. 2, 2015 /PRNewswire/ -- fifteenfortyseven Critical Systems Realty (1547), a leading developer and operator of custom-designed datacenters, announces the acquisition of Shell Street Equities, LLC and the hiring of Mitch Kralis as Executive Vice President of Real Estate.
Mr. Kralis has been focused on the datacenter and telecom real estate sector for the past 15 years. Prior to joining 1547, Mr. Kralis was the founder and president of Shell Street Equities, LLC a commercial real estate firm. Previously, he was Vice President at Server Farm Realty and Executive Vice President of Red Sea Group USA. During his career, Mr. Kralis has purchased and sold projects valued at more than $2 billion.
"At this stage of our growth it was important to bring in someone with Mitch's breath of knowledge onto our team," states Corey Welp, Managing Director of 1547. "Through his work with private and public companies, Mitch has development, investment and sales strategies that complement our business model. Mitch's expertise in site selection and deal structure will help 1547 accelerate our expansion plans going forward."
At 1547, Mr. Kralis will lead acquisition strategy across the company's entire portfolio. In this role, he will be responsible for developing plans around acquisition, syndication, capital formation and land entitlement.
"The datacenter market continues to see growth as adoption of Internet connected devices continues to surge," states Mr. Kralis. "I am honored to be joining the team at 1547 as we look for opportunities that will further benefit the industry and our customers as a whole."
Mr. Kralis holds degrees in Real Estate, Finance, Economics and Marketing from Baylor University.
To learn more about 1547, visit www.1547realty.com.
About fifteenfortyseven Critical Systems Realty
fifteenfortyseven Critical Systems Realty (1547) is a leading developer and operator of custom-designed datacenters. Formed by a group of experienced executives from the financial and datacenter industries, 1547 is investing in carefully selected datacenter properties. Together, the team has over 60 years of experience in operating, developing, and renovating datacenter space, along with extensive experience in performing exploratory market and feasibility due diligence studies. This wealth of experience allows 1547 to be well positioned to acquire, develop and operate strategically-located, custom built datacenter properties.
1547 is shaped by the team's distinct but interrelated expertise, and has developed an extensive network of industry relationships. 1547 is building a unique and opportunistic portfolio of custom datacenters with a focus on the customer from concept through completion of each project. For more information, visit www.1547realty.com.
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