GI Partners buys majority interest in hyperscale data center portfolio from Digital Realty Trust

GI Partners has announced the acquisition of a 65 percent interest in the ownership of two hyperscale data centers in Elk Grove Village, Ill., in partnership with Digital Realty Trust.

GI Partners is making the investment on behalf of its Essential Tech + Science Fund (GI Partners ETS Fund LP/ETS Fund), the firm's open-ended core-plus fund. The properties are over 90 percent occupied, primarily by investment-grade customers, and provide significant connectivity both to the Midwest region and nationally.

In conjunction with the transaction, Digital Realty Trust has retained a 35 percent interest and will continue to manage the day-to-day operations of the properties. The two properties have approximately 67 megawatts of IT capacity, serving a mix of hyperscale, enterprise and carrier customers.

“These properties were designed to serve today's increased dense computer customer requirements and have been exceptionally maintained by a world-class team,” said Joh