According to the newspaper Post-Bulletin, a data center in the city of Oronoco, Olmsted County, Minnesota, has been sold to the REIT firm Landmark Dividend for around $5.5m.
The 32,000 sq ft (3,000 sq m) data center was built by C.H. Robinson in 2016 and was still owned by the company until it was sold to Landmark Dividend at the end of June.
The site is located at 1788 3rd Ave. SW in Oronoco and has been leased back to C.H. Robinson for a period of five years.
Post-Bulletin says the facility was purchased under the name LD Acquisition Co. 19 LLC.
The site was established back in 2016, after the local authorities at Oronoco Council approved a new tax policy and business subsidies for C.H. Robinson in 2015..
At the time it was reported that the data center would provide five jobs and bring around $100,000 in benefits to Oronoco.
In April, Landmark Dividend acquired a 184,000 sq ft (17,000 sq m) campus in Phoenix, Arizona, which was previously owned by PayPal.
PayPal, just like C.H Robinson, will remain a tenant at the data center.
This most recent acquisition in Minnesota is the 17th data center acquired by Landmark in the last two years.