CBRE Arranges $72.75 Million Sale Of Phoenix Flagship Data Center
CBRE represented Lincoln Rackhouse, the data center division of Lincoln Property Co., in partnership with Principal Real Estate Investors, in the sale of a Phoenix-area data center to CBRE Global Investors for $72.75 million.
Kristina Metzger and James McCarthy of CBRE Data Center Capital Markets represented the seller in the transaction. Lincoln Rackhouse and Principal Real Estate Investors purchased the data center in 2018 as part of a three-property portfolio.