KANSAS CITY—The California State Teachers' RetirementSystem has just added another data center to its vast realestate portfolio, this time in Kansas City at 10828 NW AirworldDrive. The acquisition was made through DataCore,LP, a $500 million fund created by CalSTRS in 2012 andmanaged by GI Partners. It's another sign thatinstitutional investors have a growing interest in this sector,which experts expect to grow tremendously as users put increasedemphasis on cloud computing.
Datapipe, Inc., a cloud and managed servicesprovider, fully leases on a long-term basis the 78,000 square footfacility, which was first developed in 1982 but renovated in 2009,2012 and 2015. The property sits just southeast of KansasCity International Airport.
“We are pleased to own Airworld Drive and form a long termrelationship with the tenant, Datapipe, Inc.,” said MikeArmstrong, principal of Menlo Park, CA-based GI Partners.“The facility's robust infrastructure, connectivity, and locationmake it an attractive addition to the DataCore portfolio. Webelieve that Kansas City is a compelling and growing data centermarket and are excited to complete our first acquisition in theMSA.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
