GI Partners (“GI”) has acquired KOMO Plaza, a state-of-the-art carrier hotel and data center facility located at 100 and 140 Fourth Avenue North in Seattle, Washington for $276 million. The highly resilient and secure facility combines data center, network neutral interconnections and a class A office in a superior, accessible location. A two-building campus, KOMO Plaza offers robust infrastructure across approximately 294,000 sq ft.
Based in San Francisco, GI Partners offers a differentiated, technology focused approach to real estate investment. With a 15-year history of investing in data centers, carrier hotels and other technology-advantaged real estate, the team leverages its expertise in sourcing, underwriting, financing, and actively managing its holdings. The company also owns the One Wilshire building, located in downtown Los Angeles, which serves as one of the most comprehensive United States network gateways to Asia and West Coast interconnection environments. Both KOMO Plaza and One Wilshire offer enterprises, service providers, and telecommunication companies flexible and reliable infrastructure and unmatched access to domestic fiber routes and transpacific undersea cables.
“The acquisition of KOMO Plaza further expands GI’s portfolio of technology-advantaged real estate and exemplifies its strategy of leveraging the firm’s operational excellence, technical knowledge, and market expertise to acquire properties with significant critical building infrastructure,” stated Tony Lin, Director of GI Partners. “GI Partners is well positioned to offer tenants and users connectivity along the West Coast through KOMO Plaza and its sister carrier hotel, One Wilshire.”
KOMO Plaza offers industry leading building infrastructure and mission-critical systems including:
- Meet-me-room with more than 15 carriers and service providers through diverse routing paths
- Reinforced concrete foundations, raised flooring, multiple riser systems and conduits
- 18 megawatts of installed utility power with separate A and B utility feeds and data center power densities in excess of 150 watts per sq ft
- Backup power provided by nine generators totaling 16.5 megawatts
- Close proximity to transpacific subsea cables for low latency service to Asia
- One of four core switches for the Seattle Internet Exchange, a neutral and independent peering point and 4th most active internet exchange in the United States
- Rooftop satellite and antenna facilities for multiple communication configurations