Lincoln Property Company Southeast (Lincoln), in conjunction with its data center division Lincoln Rackhouse, has purchased an 88,000-square-foot data center from The Coca-Cola Company. The asset was acquired in a joint venture with a client advised by Bailard, Inc., a California based investment advisory firm.

The data center, located in the Central Perimeter submarket of Atlanta, has been owned by Coca-Cola and used as its primary North American data center, housing several divisions of the company over the past 15 years. Coca-Cola will continue to occupy the facility in the near term, leasing the facility from Lincoln through 2018 as they continue, as previously announced, to migrate their IT apps and data to cloud-based services. The new venture will seek to take advantage of the facility’s robust infrastructure and tremendous location and master lease the data center to a co-location provider

“As enterprise users migrate out of corporate owned facilities to the cloud, in many cases they are leaving behind excellent real estate that can be repurposed, creating great investment opportunities,” said Lincoln’s Executive Vice President Tony Bartlett.

“The combination of Lincoln’s national footprint and Rackhouse’s expertise make a powerful platform from which to execute on investments such as this and others like it,” added Rackhouse’s Senior Vice President Martin Peck.

Lincoln’s Chip Sipple will spearhead leasing locally, while teaming with Ryan Sullivan of Lincoln Rackhouse to identify national tenants and co-location providers to lease the building. Lincoln has also assumed management of the facility.

About Lincoln Property Company

Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 250 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com.

About Lincoln Rackhouse

Lincoln Rackhouse is the data center division for Lincoln Property Company, with real estate investments in Texas, Colorado, Massachusetts, New York, North Carolina, and Northern Virginia. Headquartered in Dallas, Texas, Lincoln Property Company is one of the largest and most respected diversified real estate services companies in the industry. The Company employs over 4,000 professionals in over 100 markets in the United States and Europe.

About Bailard

Bailard is an employee-owned investment advisory firm based in Foster City, Calif. Established in 1969, the company manages traditional and alternative investment strategies such as real estate for institutional and wealth management clients. For more information, visit  http://www.bailard.com/.