California-based investment firm Landmark Dividend has acquired a T-Mobile data center located in Jacksonville, Florida.

In an $8.1 million deal earlier this month, Landmark bought the 32,945 sq ft (3,060 sqm) facility located at 7025 Skinner Parkway in Duval County, Florida.

The facility is leased by wireless network operator T-Mobile, a part of the Deutsche Telekom Group, which holds a 52.8 percent stake in the company.

According to the Jacksonville Daily Record, the seller was Connecticut-based private investment firm Gallatin Point Capital, through its special purpose entity RDC-7025 AC Skinner Parkway LLC.

The publication reported that Gallatin Point acquired the Jacksonville data center facility in 2022 from a local holding company managed by Eighteen Ten Partners Inc. and the Jacksonville-based Stein family, PATBSS LLC, for $10.5m.

However, the data center at 7025 Skinner Parkway appears to be a facility that StratCap (formerly Strategic Capital) acquired in 2022 for $10.5m. The location of Jacksonville Data Center on StratCap’s digital map aligns with the location details of the facility at 7025 Skinner Parkway shared by Landmark.

DCD has contacted Gallatin Point Capital and Landmark Dividend for clarification.

Gallatin Point, founded in 2017 and headquartered in Greenwich, Connecticut, is a private investment firm that specializes in assets, services, and financial institutions. It has more than 30 portfolio investments with $5.7bn in assets under management.

StratCap, an investment management platform that focuses on digital infrastructure, was acquired by Australian asset management company HMC Capital in September 2024 for $28.5m. The firm manages more than AU$18.7bn in assets.

Landmark buys and sells

Landmark Dividend manages more than 70 data centers and has more than $4.3bn in assets under management across real estate and infrastructure.

In February of this year, Landmark sold its Vault Digital Infrastructure data center portfolio, comprising seven facilities spanning 750,000 sq ft (69,675 sqm) and 75MW of capacity, to Igneo Infrastructure Partners.

The sale took place alongside CVC DIF and Northleaf Capital Partners, as Vault was a joint venture owned by CVC DIF (49 percent), Northleaf (49 percent), and Landmark (2 percent). Landmark served as the manager of Vault, acquiring assets and managing the digital infrastructure company’s portfolio.

Landmark CEO Tim Brazy said: “This transaction demonstrates Landmark’s ability to deliver results for our investment partners across the full lifecycle of digital infrastructure assets. From initial acquisition through active management and ultimate disposition, our team executed on the strategy we outlined at inception. We’re pleased to have delivered a strong outcome for CVC DIF and Northleaf.”

Landmark was founded in 1985 and is an investment firm specializing in infrastructure assets such as data centers. It has been a portfolio company of DigitalBridge since June 2021, and in April 2024, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) acquired a 40 percent stake in the firm.

Igneo Infrastructure Partners is an infrastructure business of First Sentier Investors, an Australian asset management firm which was founded in 1988 and manages AU$214.4 billion ($151bn) in assets.

CVC DIF is the infrastructure strategy of private equity and investment advisory firm CVC, and has €23bn ($26.5bn) in assets under management. Northleaf is a Canadian global private markets investment firm with more than $32bn in commitments raised.