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Lincoln Rackhouse & Principal Real Estate Investors Acquire Atlanta Tier 3 Facility

Atlanta is a bustling city for many reasons, but its data center market continues to rapidly grow. Why? It brings a favorable business climate, competitive colocation and cloud environments, reasonable power cost, low natural disaster risk and robust connectivity. Additionally, 55 colocation providers and enterprises already call the city home.

Lincoln Rackhouse, the data center division of Lincoln Property Company, and Principal Real Estate Investors, the real estate investment team for Principal Global Investors, announced today the acquisition of a key data center located in the heart of Atlanta’s high-tech corridor. The strategically located data center is an enterprise-grade, highly secured facility, ready to be deployed to customers’ specific design and power requirements. 

The 185,000 square-foot facility sits on a 38-acre parcel with more than 7MW of capacity and a design to expand to over 13MW. Furthermore, the site can support a separate 30MW ground up data center development, ideal for today’s hyperscalers and operators.

“We’re proud to partner with Principal Real Estate Investors in a market that’s quickly become one of the most robust data center regions in the U.S.,” stated Martin Peck, Executive Vice President, Lincoln Rackhouse. “Our plan is to begin immediate development of additional turn-key critical floor space that will ultimately align and address our customer’s current and future expansion needs.”

“This acquisition of a high-quality asset in such a dynamic market provides an excellent addition to our portfolio of data centers,” said Ben Wobschall, Managing Director, Portfolio Management for Principal Real Estate Investors. “We’re thrilled to be able to bring immediate availability and expansion to accommodate our customers’ growth in the Southeast.”

To read the entire press release, click here

 

 

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