An IBM-leased data center in Dallas, Texas has been sold for $41 million.
Five 9s Digital said this week it advised the unnamed owner on the sales of single-tenant data center leased to IBM in Dallas, Texas.
IBM has a large number of data centers in Dallas, and it’s unclear which one has been sold. Five 9s describes it as an IBM Global Solutions facility.
The 150,000 sq ft (13,900 sqm) facility was reportedly bought by an “institutional investor of leased digital infrastructure assets” for $41 million.
Last year, IBM said it was shutting down a number of data centers – including three in Dallas – that had become "unsuitable for upgrading." The company’s D2, D6, and D7 facilities were due to close, alongside ones in Houston, Seattle, and Melbourne in Australia. US workloads were due to be migrated over to IBM’s DAL10, DAL12, DAL13 facilities in Dallas.
Canadian property manager BentallGreenOak recently acquired two IBM-occupied facilities. BGO purchased a 112,000-square-foot facility located in Markham, a suburb north of Toronto, Ontario in May of this year. It then acquired IBM’s Montreal facility in August.
BGO has leased both facilities back to the veteran IT company. A BGO spokesman told the Globe and Mail the acquisitions were in the “mid-eight-figure” range, and IBM has assumed “medium-term” leases on the buildings.