The Tech Capital Forum
Trending
Latest

Landmark closes on latest M&A pushing data centre investments to $400m

New facility in Chicago adds to a total portfolio of 17 properties acquired in the last 12 months alone.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

March 04, 2021 | 2:12 PM GMT

Landmark Dividend LLC and its affiliates have announced the acquisition of a Chirisa Investments’ Chicago data centre facility.

The building covers more than 105,000 square feet, including over 30,000 square feet of white space, and more than 2.4 MW of critical load.

This acquisition marks the third data centre transaction that Landmark or its affiliates have completed with Chirisa, and follows the acquisition of two data centres located in the Seattle and New Jersey markets. 

The three Chirisa data centres offer more than 9.7 MW of critical IT load and cover more than 250,000 square feet, including 65,000 square feet of white space with ample expansion opportunities. 

Chirisa has executed long-term leases with an affiliate of Landmark at each location and will continue to operate each of the acquired facilities.

Landmark and its affiliates have acquired 17 data centre assets in the last 12 months for total consideration of more than $400 million.

Ryan Sullivan, senior vice president of Landmark’s Digital Infrastructure division, said: “Landmark is pleased to continue growing the partnership with Chirisa. We have expanded our data centre portfolio in existing and new strategic markets through the acquisition of these three core facilities. 

“The Chirisa transactions demonstrate our team’s ability to efficiently complete acquisitions in an unprecedented year filled with challenges. We look forward to building on our successful track record as we execute our strategic vision and strengthen our leadership position within the growing market of digital infrastructure investments.”

Also commenting was data centre entrepreneur, Colm Piercy, executive chairman of Chirisa, who added: “Chirisa continues to execute on its strategy of generating strong and sustainable returns from a portfolio of attractive Digital Infrastructure real estate and operating businesses. 

“Landmark Dividend has been a valuable partner as we build Chirisa’s position as a leading provider of integrated communications infrastructure, digital real estate and related services to enterprise and government customers across North America and Europe.”

Daily

Daily Brief

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers

Login or Register to comment on this article

More From

João Marques Lima

Founder and Editor, The Tech Capital

Related Articles