GREENWICH, Conn.–Strategic Capital Fund Management, LLC’s data center real estate investment platform, Strategic Datasphere, LLC , has completed the acquisition of a Tier IV equivalent data center located in Alpharetta, GA.
The greater Atlanta area is the nation’s seventh largest data center market with appealing characteristics such as low energy and operating costs, excellent state and local tax incentives, as well as being a strong connectivity hub.
Built in 1999 for a leading financial services company and renovated in 2008 and 2020, the 165,000 square foot state-of-the-art facility is 100% leased to two investment grade tenants and is located in a popular data center corridor that serves enterprise users and colocation operators. The property has 5.4 MW of 2N critical capacity that can be expanded to 8.1 MW at N+1. The facility also boasts available land for another 140,000 square foot future data center development in the event that tenants would need to grow their presence beyond the existing building footprint.
“We believe this is a rare opportunity to acquire a purpose-built data center with investment grade in-place cash flow along with a strong value-add repositioning opportunity as a multi-tenant colocation facility in a Tier 1 data center market,” stated Bryan Marsh, CEO of Strategic Datasphere.
The Seller, Legacy Investing, LLC, a Virginia-based company focused on mission-critical real estate, was represented by Kristina Metzger, Leader CBRE Data Center Capital Markets. Financing for the transaction was provided by Sunflower Bank, N.A. which has been a long-standing banking partner of Strategic Capital. “We are thrilled to assist the Strategic Capital team add another outstanding data center to its growing portfolio,” added Brian Walsh, Executive Vice President & Chief Lending Officer of Sunflower Bank.
Headquartered in Greenwich, CT, Strategic Capital Fund Management is a privately-held, global alternative asset management organization committed to providing access to dynamic asset classes and highly-experienced investment professionals in order to provide clients with attractive risk-adjusted returns. The company is focused on a wide range of digital economy investments with an emphasis on digital infrastructure, sustainability, and technology-centric sectors. For more information, please visit http://strategiccapitalfundmanagement.com.
