By Veronica Grecu, Associate Editor
Private real estate investment firm GI Partners recently added a new colocation facility to its portfolio of commercial assets.
The San Francisco-based company announced it has acquired 10828 NW Airworld Drive, a 78,000-square-foot data center located in Kansas City, Missouri, adjacent to the Kansas City International Airport. The acquisition price remained undisclosed, but the deal was closed through DataCore, L.P., a $500 million fully discretionary core real estate fund managed by GI Partners.
Previously owned by Layered Technologies, the facility was completed in 1982 and went through renovations in 2009, 2012 and most recently in 2015. The property is fully leased on a long-term basis to Datapipe, a New Jersey-based cloud and managed services provider that acquired Layered Technologies in August 2014.
“The facility’s robust infrastructure, connectivity, and location make it an attractive addition to the DataCore portfolio. We believe that Kansas City is a compelling and growing data center market and are excited to complete our first acquisition in the MSA,” Mike Armstrong, Principal of GI Partners, said in a prepared statement.