A partnership between Lincoln Rackhouse and Principal Real Estate Investors has sold a 191,000-square-foot data center in the Phoenix area for $72.75. Lincoln Rackhouse, a division of Lincoln Property Co., and Principal Real Estate Investors purchased the data center in 2018 as part of a three-property portfolio.

Located at 2500 W. Frye Road in Chandler, Arizona, the property is fully leased to a global data services provider.

Kristina Metzger and James McCarthy of CBRE Data Center Capital Markets represented the seller in the transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.