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Principal Asset Management Sells Data Center in Alpharetta, Georgia
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Principal Asset Management Sells Data Center in Alpharetta, Georgia
ALPHARETTA, GA. — Principal Asset Management has sold a 15.2-megawatt (MW) data center in Alpharetta, a northern suburb of Atlanta. The buyer and sales price were not disclosed, but the acquisition included developable land adjacent to the data center. A U.S.-based data center fund managed by Principal purchased the facility in 2022 in a joint venture with Lincoln Rackhouse, a division of Lincoln Property Co. The single-story data center was lea…
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