Southern California ranks among the top 10 U.S. data center markets due to demand from the entertainment and financial industries as well as online content providers. Ongoing developments in technology such as 5G will require significant future investments in data centers, and Los Angeles serves as a critical point of connectivity with other leading data center markets such as Silicon Valley and Phoenix.
A recent example involved a confidential buyer that acquired a 117,000-square-foot data center for an undisclosed purchase price. Sold by T5 Data Centers and previously known as [email protected], 444 N. Nash St. in El Segundo is a single-story class-A industrial data center facility that is home to multiple credit-worthy hyperscale tenants.
Transwestern Real Estate Services brokered the acquisition. Kevin Moore, John Skalla, Todd Smith and Andrew Marcus, all of Transwestern’s data center services group, represented the buyer.
“With data center vacancy low across the region, we believe this is a great strategic asset,” said Moore.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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