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Mitsubishi Corp. And Digital Realty Invest $200M In Dallas-Fort Worth Data Centers

Property Image
SOLD
$200,000,000

Texas

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Industrial
Sold 03/05/2024
the dealdetailscomps
Property Image
SOLD

Mitsubishi Corp. And Digital Realty Invest $200M In Dallas-Fort Worth Data Centers

Industrial
Sold 03/05/2024
the dealdetailscomps

Summary

Asset Type:Industrial
Transaction Type:Sale

An industrial property located at 2501 Edmonds Lane & 1505 Ferris Road in Lewisville & Garland was recently involved in a transaction. The property was sold for $200,000,000 as part of Mitsubishi Corp. and Digital Realty's joint venture to enter the U.S. data center market. These developments are set to provide 16 megawatts of IT capacity, with each partner funding $100 million for the first phase.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $200,000,000
  • Address: 2501 Edmonds Lane & 1505 Ferris Road
  • Market: Lewisville & Garland
  • Buyer: Takehiko Kakiuchi - Mitsubishi Corp.; Andrew Power - Digital Realty
  • Financial Advisor: Wells Fargo Securities

Takehiko Kakiuchi from Mitsubishi Corp. and Andrew Power from Digital Realty were the buyers in this significant transaction. Wells Fargo Securities served as the financial advisor for the deal, facilitating the successful entry of the two companies into the Dallas-Fort Worth data center market.

Details

SOLD
IMAGE: Takehiko Kakiuchi & Andrew Power DATE: 03/05/2024 ADDRESS: 2501 Edmonds Lane & 1505 Ferris Road MARKET: Lewisville & Garland ASSET TYPE: Industrial BUYER: Takehiko Kakiuchi - Mitsubishi Corp.; Andrew Power - Digital Realty FINANCIAL ADVISOR: Wells Fargo Securities SALE PRICE: $200,000,000 NOTE: Mitsubishi Corp. has entered the U.S. data center market with Digital Realty, investing $200 million in two Dallas-Fort Worth developments. These centers, set to provide 16 megawatts of IT capacity, are part of a joint venture where each partner funds the remaining $100 million costs for the first phase.

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