Novva Data Centers has entered the Colorado market with the $38.5 million acquisition of a two-building campus comprising a Tier 3+ data center and industrial facility in Colorado Springs, Colo.
JLL Capital Markets worked on behalf of the seller, which was not disclosed.
The campus is in a premiere Colorado Springs location surrounded by gold credit neighboring tenancy.
Colorado Springs offers some of the most reliable and inexpensive power in the United States. The utility recently completed a new energy vision, which is shifting away from coal and moving toward a heavier concentration of solar energy. This has been a major factor for corporate data centers choosing Colorado Springs as a target market, as customers continue to demand green solutions to help achieve ESG and sustainability goals. According to JLL Research, the global green data center market is expected to grow by nearly $45 billion from 2020 to 2024.
“Data center activity in the capita
