August 11, 2017 Comments Off on CIM, Data Center Company Acquire Portola Development Site Views: 971 Bay Area, California News

CIM, Data Center Company Acquire Portola Development Site

Los Angeles-based CIM Group, in partnership with fifteenfortyseven Critical Systems Realty (1547), acquired 400 Paul Avenue, a 7.3-acre property located at one of the nation’s most important data center hubs in San Francisco’s Portola neighborhood. The site is fully-entitled for the development of a 187,000-square-foot data center with 24MW of power capacity.

The property is at the hub of more than a dozen fiber networks serviced by multiple international carriers, and adjacent to one of the most critical interconnection data centers in the U.S. The partnership is undertaking pre-development activities to immediately advance the construction of the purpose-built data center that will address tenants’ growing connectivity demands.

The acquisition also includes two 1930’s-era buildings totaling 54,225 square feet that will be improved to serve as office and support space for data center tenants. 1547 is a New Jersey-based developer and operator of custom-designed data centers.

Read more at Business Wire

Connect With CIM Group

Connect With 1547

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.