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Data Center Operator Acquires Oakland Facility

OAKLAND, CA-365 Main Inc. and equity partner Rockwood Capital acquire a substantially unoccupied 110,000-sf data center near Jack London Square that they plan to fix up and lease up.

By Brian K. Miller | Updated on January 11, 2007

(To read more on the industrial market, click here.)

OAKLAND, CA-Data center operator and developer 365 Main Inc. has acquired a 110,000-sf facility near Jack London Square here with equity partner Rockwood Capital. The parties involved declined to disclose the purchase price, but local industry sources tell GlobeSt.com it came in around $20 million. The transaction closed earlier this week.

Located at 720 Second Ave., roughly 30% of the building is leased. Metro PCS Wireless Inc. and T-Mobile USA already have datacenter operations in the building. 365 Main, which recently filled out its flagship facility at 365 Main St. in San Francisco, is upgrading the power, cooling, connectivity and security up to its standards and then will lease up the vacant space. The first 15,000 sf of raised-floor space will be available in March or April. Eventually, the facility will have 80,000 sf of raised floor area.

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