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HFF announces $32.86M financing for Tier III+ designed data center facility in Greater Philadelphia

11/15/2017

NEWPORT BEACH, CA – November 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces $32.86 million in financing for Global Data Center, a purpose-built, Tier III+ designed data center facility in the Greater Philadelphia community of Collegeville, Pennsylvania.  

The HFF team worked on behalf of the borrower, GI Partners, to secure the three-year, floating-rate loan through Wells Fargo Bank.  Loan proceeds were used to acquire the property. 

Completed in 2009, Global Data Center is the largest purpose-built, stand-alone data center with available leaseable space in the Greater Philadephia market.  The 203,702-square-foot facility has an available power load of 4.6 MW and the capacity to be expanded to 7 MW with additional capital investment.  Additionally, the property is designed to withstand natural disasters and includes redundant power, fiber feeds, built-in berms and setbacks for enhanced security.  At close, the property will be master leased by Peak10, one of the nation’s largest private data center operators.  Tenants at the data center currently include GlaxoSmithKline, which uses the property as its global corporate data center.  Located at 1000 Black Rock Road, Global Data Center is about 35 miles northwest of downtown Philadelphia convenient to the Pottstown Expressway, Pfizer and Dow Chemical’s facilities and Providence Town Center.

The HFF debt placement team representing the borrower included senior managing director and co-head of HFF’s West Coast region Kevin MacKenzie, managing director Ryan Ade, director Jamie Kline and analyst Christian Tober.

HFF, acting by and through Holliday GP Corp., is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

About GI Partners
Founded in 2001, GI Partners is a leading middle market private equity firm based in San Francisco. The firm currently manages over $16 billion in capital commitments through private equity and real estate strategies for recognized institutional investors across the globe. For more information on GI Partners and its entire portfolio, please visit please visit gipartners.com.

About HFF
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

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