Data Centers Archives | REBusinessOnline

Capital Source 1031 Acquires 16,529 SF Data Center in La Mirada, California

LA MIRADA, CALIF. — Capital Source 1031 has purchased an all-purpose data center, located at 16680 Valley View Ave. in La Mirada, for an undisclosed price. The property was acquired for CS1031 California Data Center, a Delaware statutory trust.Cogent Communications, an internet service provider, occupies the 16,529-square-foot building. Cogent delivers internet, ethernet and colocation services to more than 88,100 customers in more than 207 markets and 47 countries across the …

February 16, 2021Acquisitions, California, Data Centers, Industrial, Western

Harrison Street, 1547 Data Center Fund Acquire Pittock Block in Portland for $326M

PORTLAND, ORE. — Harrison Street and 1547 Data Center Real Estate Fund II, an affiliate of fifteenfortyseven Critical Systems Realty, have purchased the historic Pittock Block Building, a 302,262-square-foot, mixed-use asset in Portland's central business district, for $326 million. The seller was Also Investment Co.The price is the highest transaction cost in Oregon since 2015, according to JLL, which brokered the deal.The 302,200-square-foot building is one of the most connected …

January 6, 2021Acquisitions, Data Centers, Industrial, Oregon, Western

QTS Realty Trust Completes 495,000 SF Expansion of Data Center in Atlanta

ATLANTA — QTS Realty Trust has completed the expansion of QTS Atlanta-Metro Data Center 2 (DC2), a 495,000-square-foot data center in Atlanta. The facility features 240,000 square feet of data hall space. QTS began the expansion in November 2019. DC2 is situated on QTS’ 95-acre campus and adjacent to Atlanta-Metro Data Center 1 (DC1), four miles northwest of downtown Atlanta. QTS signed two undisclosed tenants for the facility. DC2 supports 72 megawatts of power capacity, bringing the QTS …

October 23, 2020Data Centers, Development, Georgia, Industrial, Southeast

Stack Infrastructure Breaks Ground on 28-Acre Data Center Campus in Hillsboro, Oregon

HILLSBORO, ORE. — Denver-based Stack Infrastructure has broken ground on POR03, its newest data center campus in Hillsboro. Located at 4735 NE Starr Blvd., the 28-acre campus will feature a 180,000-square-foot facility offering 24 megawatts (MW), slated for delivery in third-quarter 2021.The new data center is located less than a quarter mile from a new 34.5 kilovolt (kV) substation, with power supplied by Portland General Electric. It is located on the Wave Business Hillsboro Data Center …

October 12, 2020Data Centers, Development, Industrial, Oregon, Western

Joint Venture Purchases Historic Wells Building in Milwaukee for $7.2M

MILWAUKEE — An affiliate of fifteenfortyseven Critical Systems Realty LLC, in partnership with Harrison Street, has acquired Milwaukee’s historic Wells Building. The purchase price was $7.25 million, according to the Milwaukee Business Journal. The 15-story, 165,000-square-foot building is located at 324 E. Wisconsin Ave. and dates back to 1901. The property has a long history as a communications center and once served as the Milwaukee headquarters for Western Union Telegraph Co. Today, the …

October 12, 2020Acquisitions, Data Centers, Industrial, Midwest, Office, Wisconsin

Skanska to Develop $64M Data Center for Flexential in Hillsboro, Oregon

HILLSBORO, ORE. — Skanska has signed a multi-phase contract with Flexential Corp. to develop H3 – Flexential Data Center in Hillsboro, a western suburb of Portland. The $64 million first phase includes a 349,827-square-foot Tier III data center with a structural steel core and concrete tilt panels as the primary façade.The first data hall will support an initial IT capacity of 4.5 megawatts. Construction is underway with completion slated for September 2021.Flexential is an IT …

September 29, 2020Data Centers, Development, Industrial, Oregon, Western

Facebook to Invest Additional $250M for Data Center Expansion in Covington, Georgia

COVINGTON, GA. — Facebook will invest an additional $250 million at its data center campus in Covington, bringing the social media giant’s total investment at the site to $1 billion. The Menlo Park, Calif.-based company will add three buildings and 1.5 million square feet to the property, which was first announced in 2018. Upon completion, the property will total five buildings spanning nearly 2.5 million square feet. Facebook expects to house 200 employees at the site, which is situated …

September 18, 2020Data Centers, Development, Georgia, Industrial, Southeast

Nerd Street Gamers to Open Esports Campus in Philadelphia

PHILADELPHIA — Nerd Street Gamers, a provider of infrastructure services for the esports industry, will open The Block, an esports campus at 401 N. Broad St. in Philadelphia. Christian Dyer and Jackie Balin of CBRE represented data center owner-operator Netrality, which owns the 1.3 million-square-foot building, in the lease negotiations. The space will not only function as Nerd Street Gamers’ new corporate headquarters, but it will also include global broadcast studios, dedicated training …

September 17, 2020Data Centers, Industrial, Leasing Activity, Northeast, Office, Pennsylvania

H5 Data Centers to Undertake 5,000 SF Expansion Project in San Antonio

SAN ANTONIO — Owner-operator H5 Data Centers will undertake a 5,000-square-foot expansion project at its 80,000-square-foot colocation facility located at 100 Taylor St. in San Antonio. The project will add Tier III infrastructure capacity to the facility. Data center tiers refer to the requirements of distribution paths, cooling and other components that are used to differentiate facilities. A timeline for the project was not

August 31, 2020Data Centers, Development, Industrial, Texas

CBRE Brokers $41.5M Sale of Two Industrial Ground Leases in San Diego’s Sorrento Mesa

SAN DIEGO — CBRE has arranged the sale of two ground leases covering three land parcels totaling 12.5 acres in San Diego’s Sorrento Mesa neighborhood. A private investor acquired the assets from San Francisco-based Stockbridge Capital Group for $41.5 million.Louay Alsadek, Hunter Rowe and Madison Mawby of CBRE represented the seller, while Bob Safai of Madison Properties represented the buyer in the transaction.Totaling 76,000-square-feet, the first parcel is under South Rim …

August 28, 2020Acquisitions, California, Data Centers, Industrial, Office, Western