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CalPERS buys data center in Denver suburb
GI Partners has acquired the data center facility located at 11525 Main St. in Broomfield, Colo. The acquisition was made through TechCore, an approximately $1 billion discretionary core real estate fund managed by GI Partners on behalf of the $289 billion California Public Employees’ Retirement System.
11525 Main St. is a mission-critical data center facility comprising 92,800 square feet. The property is fully occupied on a long-term basis by TIAA-CREF.
“The facility’s high-quality data center improvements and critical nature make it a compelling addition to the TechCore portfolio,” said Michael Wong, director of GI Partners, in a statement. “The greater Denver area is a robust technology market that is well positioned for additional future growth, given its highly educated workforce, accessibility and strong connectivity. TechCore is excited to complete its first acquisition in the market.”
TechCore was formed in early 2012 to acquire technology-a