ATLANTA— The Coca-Cola Company sold an 88,000-square-foot data center. A joint venture with a client advised by Bailard, a California based investment advisory firm, purchased the property.
Lincoln Property Company Southeast, in conjunction with its data center division Lincoln Rackhouse, brokered the sale. Financial terms of the deal were not disclosed.
“As enterprise users migrate out of corporate owned facilities to the cloud, in many cases they are leaving behind excellent real estate that can be repurposed, creating great investment opportunities,” says Lincoln executive vice president Tony Bartlett. Located in the Central Perimeter submarket of Atlanta, Coca-Cola has owned and used the building as its primary North American data center, housing several divisions of the company over the past 15 years.
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