Silverpeak and Legacy Investing, in partnership with funds managed by Oaktree Capital Management, have announced the acquisition of a portfolio of office, industrial and data center campuses in Cleveland and Cincinnati in a partial office space sale-leaseback transaction with PNC Bank, N.A.
The transaction introduces financial-grade, turn-key, Tier III data centers to the Cincinnati and Cleveland markets, which historically have not been available for lease. Totaling 70,000 square feet of leasable raised floor space and 6.7 megawatts of immediately available N + 1 power capacity, the data centers are designed to handle high-performance computing and feature 42” raised floors, liquid-cooled cabinets, and access to all major fiber providers.
“With this closing, we now have more than 32 megawatts under ownership, with current inventory in multiple markets, including Cincinnati, Cleveland and Northern Virginia,” said Jay Rappaport, CEO of Legacy. “We are very proud
