Lincoln Rackhouse, Principal Real Estate Investors acquire Atlanta data center

Lincoln Rackhouse, the data center division of Lincoln Property Company, and Principal Real Estate Investors announced acquisition of an enterprise-grade data center in the heart of Atlanta’s high-tech corridor. The 185,000 square-foot facility has 7 MW of capacity, expandable to 13 MW, and can support a separate 30-MW data center development.

The partners plan to serve the needs of hyperscalers and other operators. “Our plan is to begin immediate development of additional turnkey critical floor space that will ultimately align and address our customers’ current and future expansion needs,” said Martin Peck, executive vice president at Lincoln Rackhouse.

"This acquisition of a high-quality asset in such a dynamic market provides an excellent addition to our portfolio of data centers," added Ben Wobschall, managing director, portfolio management for Principal Real Estate Investors. "We're thrilled to be able to bring immediate availability and expansion to accommodate our customers' growth in the Southeast."

St. Louis-based Ascent Corp will continue to provide facilities management, engineering and construction services at the site. According to Data Center Hawk, Atlanta has cultivated a tech hub, with more than 55 colocation providers and enterprises calling it home.

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