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 …

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 …

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 …

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 …

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 …

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 …

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 …

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

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 …

Facebook Breaks Ground on $800M Data Center Outside Nashville

GALLATIN, TENN. — Facebook (NASDAQ: FB) has broken ground on an $800 million data center located roughly 18 miles north of Nashville in Gallatin. The company acquired the 809-acre development site earlier this year for $20 million under the name Woolhawk LLC, according to reports by local news site Gallatin News.The 982,000-square-foot campus will be built to LEED Gold certification standards, using 80 percent less water than the average data center. The development will also be supported …

Webinars on Demand


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties