Blackstone continues to expand its reach in the red-hot data center sector, this week announcing a strategic partnership with Dallas-based Aligned Data Centers.
Blackstone Credit & Insurance (BXCI) has provided an initial $600M senior secured credit facility for the development of Aligned's newest data center in West Jordan, Utah. The senior secured credit facility is committed entirely by insurance accounts managed by BXCI's Infrastructure & Asset Based Credit Group.
Aligned, which specializes in build-to-scale data centers, will use the financing to build its fourth hyperscale data center in the Salt Lake City metro area. The project, known as SLC-03, is a two-story, build-to-suit 80 MW facility at the company's campus in West Jordan.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
