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Lincoln Rackhouse, Principal Real Estate Investors acquire Atlanta data center
Transactions - AUGUST 8, 2022

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Lincoln Rackhouse, Principal Real Estate Investors acquire Atlanta data center

by Andrea Zander

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 the acquisition of a key data center located in Atlanta’s high-tech corridor.

The 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 7 megawatts (MW) of capacity, and a design to expand to more than 13MW. The site can support a separate 30MW ground-up data center development.

According to Data Center Hawk, Atlanta’s data center market continues to grow due to the favorable business climate, competitive colocation and cloud environments, reasonable power cost, low natural disaster risk and robust connectivity. The city has cultivated a tech hub, with more than 55 colocation providers and enterprises.

 

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