February 27, 2019 Comments Off on Portfolio of Cleveland, Cincy Data Center Campuses Claimed Views: 1475 Midwest, National News, Ohio

Portfolio of Cleveland, Cincy Data Center Campuses Claimed

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Silverpeak and Legacy Investing, LLC, in partnership with funds managed by Oaktree Capital Management, L.P., acquired 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 two markets, which historically have not been available for lease.

Totaling 70,000 square feet of leasable raised floor space and 6.7MW of immediately-available N + 1 power capacity, the data centers are designed to handle high performance computing and feature 42-inch raised floors, liquid- cooled cabinets, and access to all major fiber providers.

Legacy’s Jay Rappaport (pictured) notes the facilities “were purpose built by a large financial institution as their primary data centers with over $60 million invested in each facility. These are ideal facilities to support cloud and managed service providers, as well as financial, government, healthcare and life science companies.”

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