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Greenwich, Conn.-based Strategic Capital Fund Administration, LLC lately introduced the acquisition of a knowledge middle in Alpharetta, Ga., by its knowledge middle actual property funding platform, Strategic Datasphere, LLC. In accordance with the assertion of sale, the asset commanded a purchase order value of $80 million and is totally leased to 2 investment-grade tenants.

Sunflower Financial institution, N.A. — a long-standing banking companion of Strategic Capital — offered financing for the transaction. Kristina Metzger, chief of CBRE Knowledge Middle Capital Markets, labored on behalf of the vendor, Virginia-based Legacy Investing, LLC.

Positioned at 1650 Union Hill Rd., the Tier-IV-equivalent knowledge middle was in-built 1999 to accommodate the operations of monetary providers firm E-Commerce, a subsidiary of Morgan Stanley. The property was subsequently renovated in 2008 and most lately in 2020. Now, it incorporates 165,000 sq. ft of state-of-the-art metro Atlanta office space and knowledge middle services.

A part of a well-liked knowledge middle hall that serves each enterprise customers and colocation operators, the info middle gives 5.4 MW of 2N essential capability that may be expanded to eight.1 MW at N+1. Info infrastructure traders within the larger Atlanta area profit from low vitality and working prices; pleasant state and native tax incentives; and a powerful connectivity hub.

“We imagine it is a uncommon alternative to amass a purpose-built knowledge middle with investment-grade, in-place money circulation, together with a powerful value-add repositioning alternative as a multi-tenant colocation facility in a Tier 1 knowledge middle market,” mentioned Bryan Marsh, CEO of Strategic Datasphere, in a ready assertion.

Datasphere intends to compile a portfolio of greater than $1.5 billion in knowledge middle actual property belongings throughout the USA and Europe. Drawn to the high-quality property with future improvement potential, this marked the corporate’s first acquisition towards that purpose.

Most notably, the acquisition consists of accessible land for an additional 140,000 sq. ft of improvement — a extremely enticing perk to getting into the nation’s seventh-largest knowledge middle market at a time when demand for knowledge computing, storage and networking capabilities continues to develop considerably

Final modified: February 14, 2022

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