GI Partners Acquires Two Baltimore-Area Data Centers From Harrison Street For $221.9M

The transaction involves a special purpose asset located at 7665 Sandy Farm Road in Severn, MD. GI Partners purchased the property for $221,900,000. The purchase includes two Baltimore-area data centers, specifically Sandy Farms in Severn and Eternal Rings in Laurel. The transaction was supported by a $113.4 million acquisition loan from Capital One Bank.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $221,900,000
• Buyer: Rick Magnuson - GI Partners
• Seller: Harrison Street
• Loan Amount: $113,400,000

GI Partners' acquisition marks a significant investment in the data center market, facilitated by the strategic sale from Harrison Street. The deal reflects a collaborative effort between both companies in the real estate investment sector.