March 22, 2018
Bethesda, MD-based ASB Real Estate Investments (ASB) completed the all-cash sale of its three remaining data centers and their operations to an affiliate of IPI Data Center Partners Management, LLC (IPI Partners). Pricing details of the transaction were not disclosed.
The three assets total 665,000 square feet of space and are located in San Jose, CA, Hillsboro, OR (pictured), and Ashburn, VA. ASB agreed to the sale on behalf of its Allegiance Fund, a $7.4 billion core real estate investment vehicle.
ASB was advised by DH Capital, as its exclusive financial advisor, and DLA Piper LLP, as legal advisor on the transaction.
The sale of this trio of facilities follows ASB’s announced $800-million agreement to sell Infomart Dallas to Equinix last month.
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