Novva Data Centers Acquires Tier 3+ Center, its First Foray in Colorado

According to JLL research, the global green data center market is expected to grow by nearly $45 billion from 2020 to 2024. Colorado Springs offers some of the most reliable and inexpensive power in the United States, shifting away from coal and moving toward a heavier concentration of solar energy. This has been a major factor for corporate data centers choosing Colorado Springs as a target market.

A two-building campus comprising a Tier 3+ data center and industrial facility recently sold here for $38.5 million. Utah-based data Novva Data Centers acquired the asset, which marks its first foray into the Colorado market.

The campus is surrounded by gold credit neighboring tenancy. Completed in 2005, the 122,000-square-foot data center has 6 MW of total designed capacity. The sale included a 13,000-square-foot generator building, a 55,000-square-foot industrial building that could be used for future data center expansion and 17 acres to the west of the property that could be used for additional development opportunities.

The Phoenix-based JLL seller team was led by Mark Bauer, Carl Beardsley and Zane Coffman, along with Larry Thiel and Carmon Hicks.