Next Tier is developing the HPCC for DataBank (http://www.DataBank.com ) as one part of the larger Coda development located in Technology Square (http://Codatechsquare.com). The Coda development includes a 645,000 square foot office tower that is being separately developed by Portman Holdings and the 100,000 square foot HPCC. Both the office tower and the adjoining HPCC are being anchored by the Georgia Institute of Technology (“Georgia Tech”).
Crocker Partners and Rialto Capital Management just paid $179.3 million for the Boca Raton Innovation Campus, in the biggest office sale in the tri-county region since 2016.
The joint venture purchased IBM’s former sprawling tech office complex at 4800-5002 T-Rex Avenue from Farallon Capital Management and Next Tier HD, according to Real Capital Analytics. Eastdil Secured brokered the deal.
Next Tier HD (“Next Tier”) is announcing the formation of a strategic partnership with AGC Equity Partners (“AGC”). This partnership will aim to acquire existing Data Centers and Data Center related properties across the United States via the investment fund managed by AGC and Next Tier’s capital commitment.
Next Tier HD, a private real estate development company headquartered in New York, NY (http://www.nexttierhd.com), has concluded an agreement with DataBank (http://www.databank.com) to develop and lease a ‘next-generation,’ high-performance computer center (the“HPCC”) in Midtown Atlanta.