September 6, 2018 Comments Off on Lincoln Rackhouse, Principal Purchase 1M-SF Data Center Portfolio Views: 3172 Arizona, Missouri, National News, Southwest, Texas News

Lincoln Rackhouse, Principal Purchase 1M-SF Data Center Portfolio

Dallas-based Lincoln Rackhouse and Principal Real Estate Investors acquired a one million-square-foot data center portfolio in Dallas, Phoenix and Kansas City, MO, from an unnamed Fortune 500 financial institution, which has partially leased back the Tier III+ space in two of the three markets.

Lincoln Rackhouse’s Ryan Sullivan says, “This acquisition doubles our portfolio and allows us to offer cloud, colocation and managed services providers attractive expansion or new entry options into these key data center markets.”

The properties include:
– 1000 Coit Rd. in Plano, near north Dallas’ Telecom Corridor, a two-story data center, totaling 454,421 square feet on 23.8 acres (pictured)
– 11155 NW Airworld Dr. in Kansas City, a two-building campus, totaling 259,111 square feet, on nearly 17 acres just west of the international airport
– 2500 W. Fry Rd. in southeast Phoenix’s Chandler technology corridor, a 191,061-square-foot data center and dedicated on-site substation on 24.4 acres

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