Cloud Capital, a global data center investment management firm and joint venture partner Arcapita Group, a global alternative investment firm, have acquired a 21-megawatt data center in Minneapolis, with plans to expand its capacity to 31 megawatts.
The Minneapolis data center is strategically positioned to benefit from surging demand for high-density digital infrastructure driven by artificial intelligence (AI), cloud computing and enterprise digital transformation. The property’s current capacity is primarily leased on a long-term basis to a provider of sovereign AI and cloud-inferencing solutions.
Minneapolis represents a growing data center hub underpinned by robust power infrastructure, low natural disaster risk and a diversified economic base spanning Fortune 500 and 1,000 companies, healthcare leaders and technology innovators. The region continues to experience record-low data vacancy rates amid accelerating AI adoption and heightened enterprise cloud demand.
