Stream Data sells Chaska data center for $77 million

A Chaska data center has sold for $77 million to an investment partnership that's buying up similar properties around the country.

Finance & Commerce reports on the deal for the Minneapolis I data center at at 1708 Creek Lane W, which was acquired by an affiliate of New York-based Next Tier HD. The seller was Dallas-based Stream Data Centerswhich built the 75,675-square-foot facility in 2013 during a spate of data-center construction in the Twin Cities.

Next Tier HD Tops Out Georgia Tech Data Center

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”).

Boca Raton Innovation Campus Sale

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 and AGC Equity Partners form Strategic Data Center Partnership

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 Teaming with DataBank to Develop High Performance Data Center for Georgia Tech

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.