"It's a pretty extensive and pretty high-quality space, and it met what we were looking for in terms of it being a central data storage facility," Freddie Mac director of corporate communications Douglas Robinson tells GlobeSt.com. "We're always looking for an opportunity to get the best use of space we see in the market, or space we're currently using. Having a state-of-the-art center and installing state-of-the-art equipment is something we're always trying to do. "The deal closed earlier this month, once the court approved the portion of the transaction that pertained to Exodus, which is currently in bankruptcy. The property has been on and off the market on a few occasions in the recent past. Whitehall came close to finding a new owner in a Germany-based affiliate of HypoVereinsbank in July 2000 for $21.5 million, but that arrangement fell through. Last summer, the listing was pulled due to weak demand in the market.

Isignia/ESG and its Capital Advisors Group represented Freddie Mac in the transaction, while Lincoln Property Company served as Whitehall's representatives. "This transaction represents a culmination of extensive due diligence, ranging from potential land sites, build-to-suit sites, existing buildings and operational data facilities to find the facility to best suit the needs and parameters of Freddie Mac," Insignia's Moe Hamilton says in a statement.