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Lincoln Rackhouse, Principal Purchase 1M-SF Data Center Portfolio

Dallas-based Lincoln Rackhouse and Principal Real Estate Investors acquired a one million-square-foot data center portfolio in Dallas, Phoenix and Kansas City, MO, from an unnamed Fortune 500 financial institution, which has partially leased back the Tier III+ space in two of the three markets.

Lincoln Rackhouse’s Ryan Sullivan says, “This acquisition doubles our portfolio and allows us to offer cloud, colocation and managed services providers attractive expansion or new entry options into these key data center markets.”

The properties include:
– 1000 Coit Rd. in Plano, near north Dallas’ Telecom Corridor, a two-story data center, totaling 454,421 square feet on 23.8 acres (pictured)
– 11155 NW Airworld Dr. in Kansas City, a two-building campus, totaling 259,111 square feet, on nearly 17 acres just west of the international airport
– 2500 W. Fry Rd. in southeast Phoenix’s Chandler technology corridor, a 191,061-square-foot data center and dedicated on-site substation on 24.4 acres

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.