US investment firm GI Partners has acquired a digital TV broadcasting facility in Los Angeles, California.

The facility, which includes a data center, is located at 12800 Culver Boulevard and has been acquired on behalf of GI Partners’ Essential Tech & Science Fund (ETS Fund).

The site spans 13 acres, has what the company is calling a ‘substantial’ data center, and offers network infrastructure including fiber connectivity and satellite arrays.

As reported by Commercial Property Executive, the transaction was valued at $211 million. The publication also reported that the previous owner was AT&T, who originally purchased the site for $6.5m in 2010, with the company using it as a digital TV broadcasting facility.

John Sheputis, managing director, and Rahul Chandiok, principal of GI Partners, said in a joint statement: “We are pleased to announce the acquisition of this mission-critical asset. This impressive and unique facility provides large-scale data storage and high-capacity digital content distribution for millions of customers.

“The property is a great fit for the ETS Fund given the long-term cash flow profile, advantaged location, market-leading tenant, and significantly above-standard digital infrastructure improvements.”

The seller, while not shared by GI Partners, is understood to be AT&T and was represented by CBRE.

The ETS Fund was founded in 2021 and has since acquired 20 properties including data centers and life science facilities across the US, including a life sciences lab and data center in Boston, Massachusetts.

GI Partners also procured a Digital Realty-occupied data center in Ashburn, Virginia, this week for $150 million. The data center spans 132,280 square feet (12,290 sqm) and has 9MW of capacity.