Lincoln Rackhouse, 365 Data Centers, StratCap, GI Partners

Lincoln Rackhouse and Principal Real Estate Investors have partnered to acquire this Atlanta-area data center. (Image: Lincoln Rackspace)

welcome to Deal Watch, a new feature of Data Center Frontier providing information on the latest deals in the data center industry, including facility deals, data center portfolio installations, and business acquisitions. We have a few in this episode, with deals announced over the past two weeks:

  • Lincoln Rackhouse and Major Real Estate Investors Acquire Atlanta Data Center: Companies have partnered with a data center located in the heart of from Atlanta high-tech corridor. The 185,000 square foot facility sits on a 38 acre parcel with a capacity of over 7 MW and a design to expand to over 13 MW. Additionally, the site can support a separate 30 MW data center development. “We are proud to partner with leading real estate investors in a market that has quickly become one of the strongest data center regions in the United States,” said Martin PeckExecutive Vice President, Lincoln Rackhouse. “Our plan is to begin immediate development of an additional turnkey critical floor space, which will eventually align with and meet our customers’ current and future expansion needs.” Lincoln Rackhouse grew through
  • 365 Data Centers Acquires Sungard Availability Facilities: 365 Data Centers has agreed to add 20 facilities to its network with the acquisition of the US assets of Sungard Availability, which filed for bankruptcy protection in April. Sungard’s facilities include 1 million square feet of data center space and 53 megawatts of available power. “This acquisition demonstrates 365 Data Centers’ commitment to its network-centric colocation growth strategy,” said Bob DeSantis, CEO of 365 Data Centers. “We have already succeeded in doubling our activity since our creation in 2017 by acquiring, financing, integrating and developing quality assets. We look forward to doing the same with the addition of Sungard’s colocation and network portfolio, which will further enable us to provide quality services, expand our customer base and deliver exceptional financial performance, which benefits to our customers, employees and investors. .” The news place the transaction price at $52 million.
  • Encore Affiliate buys Lexis-Nexis data center in Ohio: A data center building leased from LexisNexis outside of Dayton, Ohio, has been purchased by Cincinnati-based IT consultant Encore Technologies. The 73,632 SF facility was built in 1980 and sits on 12.56 acres. Encore offers colocation, cloud, and various MSP offerings from its existing 60,000 square foot facility. Lexis-Nexis told local media that its lease remains in effect and the sale to a new owner “will have no impact on our current business or future plans.”
  • StratCap Completes Purchase of Milwaukee Facility Leased by Expedient: StratCap Data Centers announced that it has completed the purchase of a 28,500 square foot data center near Milwaukee. The property was built in 2008 and is currently leased to Expedient, a multi-cloud and managed service provider that operates more than 20 data centers. “We have been able to diversify our portfolio into an off-market transaction with what we believe will be an attractive asset acquired below appraised value, with a high-quality tenant, in a growing data center market,” said said Bryan Marsh, CEO of StratCap Data. Centers.
  • GI Partners Acquires Strategic Portfolio in Northern Virginia: GI Partners, a leading private alternative investment firm, announced the acquisition of five “Always On” properties representing 860,000 square feet and located in the nation’s premier market for defense technology employment, to the account of its Essential Tech + Science Fund (GI Partners ETS Fund LP, the “ETS Fund”). The buildings are leased to many of the largest defense and government contractors in the United States. “These properties are located near the center of one of the largest technical operations markets and communications clusters in the United States. North Americaand are leased to leading government contractors who use these buildings and infrastructure to deliver critical technology services and research,” said John Sheputis, managing director of GI Partners and head of the ETS fund. “The continued operation of these properties during the recent pandemic demonstrates the physical value of these real estate assets to the national intelligence and defense agencies of the United States.”
  • datacenterHawk purchased by Simplify Compliance: datacenterHawk, a leading SaaS provider of real-time data center property market intelligence, has been acquired by Simplify Compliance, a portfolio company of Leeds Equity Partners. datacenterHawk will join Simplify Compliance under its CCMI brand, which develops and delivers specialized intelligent telecommunications data solutions and content-rich resources to communications service providers and the enterprise market. “We are thrilled to be part of the Simplify Compliance team,” said David Liggitt, president of datacenterHawk. “We care deeply about empowering people to make better data center decisions by delivering accurate insights through the datacenterHawk platform. This acquisition will accelerate our ability to enable customers in the data center market to make better, informed long-term decisions. I look forward to leading the next phase of the datacenterHawk platform and am excited about what lies ahead. Congratulations to David and the entire team at datacenterHawk, who partnered of Data Center Frontier on several of our market studies.

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Ramon J. Espinoza