Lincoln Property Company Southeast in conjunction with its data center division, Lincoln Rackhouse, and in partnership with joint venture partner Bailard, Inc. (Lincoln or the Partnership) has secured a master lease for the entire 88,000 square feet of space at a data center located in the Central Perimeter submarket of Atlanta. Ryan Sullivan and Chip Sipple handled leasing for the owner. The Partnership purchased the facility in May 2017.
INAP Corporation signed a long-term lease for 100 percent of the space at the data center. INAP Corporation is a leading provider of internet infrastructure through colocation business, enterprise services and cloud services supported by a high-performance global IP network. With locations all over the world, INAP Corporation has chosen Atlanta as their headquarters.
“The strategic location of the facility, with its unique proximity to the large office using population in Central Perimeter, provides inherent appeal to users and tenants at this site which helped draw INAP to this location,” said Lincoln’s Sipple. “INAP Corporation has a significant presence in Atlanta and we are excited they have chosen this data center as their newest location as they continue to build their presence in the market.”
The data center is a Tier 3 facility featuring 4.8 megawatts of power fed by two 20 kilovolt power feeds from Georgia Power which are on a switched configuration between each respective substation. The data center will serve as INAP’s new major location in the Atlanta market in addition to their downtown presence. INAP plans to relocate some employees to the property.
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 of Lincoln Property Company and focuses on helping organizations of all sizes locate, analyze and secure data center space to lease or own. Since its inception in Dallas, Texas in 1965, Lincoln Property Company has earned its reputation as effective, professional managers of residential and commercial properties with over 50 years of experience in building, owning and managing one of the largest commercial real estate portfolios in the United States. With 20 years of experience sourcing mission critical data centers, Lincoln (Rackhouse) offers unparalleled market and industry knowledge with an unbiased approach in fulfilling your technology requirements.
About Bailard, Inc
Since Bailard opened its doors in 1969 in the San Francisco Bay Area, the firm has sought innovative ways to build wealth, thoughtfully manage risk and generate consistently solid returns for its investment clients. Bailard has remained employee-owned and, with approximately $4 billion in assets under management, offers public and private pension plans, foundations, endowments, Taft Hartley plans and sovereign wealth funds as well as private individuals and family offices carefully-crafted proprietary investment strategies and products, as well as stability and discipline in order to generate outstanding results and provide exceptional personal service. Bailard has over 40 years of experience investing in real estate. The real estate team focuses on value-add investments that it can actively manage to create value in order to effectively execute its core-plus portfolio strategy mandate; all the while seeking to deliver competitive and highly attractive risk-adjusted returns through varying market environments.