GI Partners has acquired the data center facility located at 11525 Main St. located in Broomfield, Colo. The acquisition was made through TechCore, an approximately $1 billion discretionary core real estate fund managed by GI Partners on behalf of the $289 billion California Public Employees’ Retirement System.
11525 Main St. is a mission-critical data center facility containing 92,800 square feet. The property is fully occupied on a long-term basis by TIAA-CREF.
“The facility’s high-quality data center improvements and critical nature make it a compelling addition to the TechCore portfolio,” said Michael Wong, director of GI Partners, in a statement. “The greater Denver area is a robust technology market that is well positioned for additional future growth given its highly educated workforce, accessibility, and strong connectivity. TechCore is excited to complete it
