Landmark Dividend to acquire third data centre from Chirisa Investments

Landmark Dividend to acquire third data centre from Chirisa Investments

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Landmark Dividend LLC and its affiliates has announced a data centre acquisition in the greater Chicago area from Chirisa Investments.

The newly-acquired data centre facility covers more than 105,000-sqf, including over 30,000 sqf of white space, and more than 2.4 MW of critical load.

This acquisition marks the third data centre transaction that Landmark or its affiliates have completed with Chirisa, and follows the acquisition of two data centres located in the Seattle and New Jersey markets.

The three Chirisa data centres offer more than 9.7MW of critical IT load and cover more than 250,000 sqf, including 65,000 sqf of white space.

Chirisa has executed long-term leases with an affiliate of Landmark at each location and will continue to operate each of the acquired facilities, according to the company.

“Landmark is pleased to continue growing the partnership with Chirisa,” said Ryan Sullivan, Senior Vice President of Landmark’s Digital Infrastructure division.

“We have expanded our data centre portfolio in existing and new strategic markets through the acquisition of these three core facilities.

“The Chirisa transactions demonstrate our team’s ability to efficiently complete acquisitions in an unprecedented year filled with challenges.

“We look forward to building on our successful track record as we execute our strategic vision and strengthen our leadership position within the growing market of digital infrastructure investments.”

Landmark and its affiliates have acquired 17 data centre assets in the last 12 months for a total consideration of more than $400 million.

“Chirisa continues to execute on its strategy of generating strong and sustainable returns from a portfolio of attractive Digital Infrastructure real estate and operating businesses,” said Colm Piercy, Executive Chairman of Chirisa.

“Landmark Dividend has been a valuable partner as we build Chirisa’s position as a leading provider of integrated communications infrastructure, digital real estate and related services to enterprise and government customers across North America and Europe.”

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