{"id":1004628938,"date":"2022-11-14T04:41:12","date_gmt":"2022-11-14T12:41:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004628938"},"modified":"2022-12-09T02:36:31","modified_gmt":"2022-12-09T10:36:31","slug":"partners-group-acquires-edgecore-digital-infrastructure","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/partners-group-acquires-edgecore-digital-infrastructure\/","title":{"rendered":"Partners Group Acquires EdgeCore Digital Infrastructure"},"content":{"rendered":"
\"Tom<\/a>

Tom Ray, CEO, EdgeCore. Image courtesy of EdgeCore<\/p><\/div>\n

Global private markets firm Partners Group<\/strong>, of Baar-Zug, Switzerland, has acquired EdgeCore Digital Infrastructure<\/strong>, which builds, owns and operates hyperscale data centers in the U.S., Partners Group announced on Friday, Nov 11.<\/p>\n

Partners Group has stated that it intends to invest up to $1.2 billion to fund the acquisition and buildout of existing and future data center sites.<\/p>\n

An EdgeCore media representative confirmed to Commercial Property Executive<\/em> that no dollar value for the transaction is being released.<\/p>\n

\n

READ ALSO: CRE Tech Spend in 2023<\/a><\/p>\n

\n

Partners Group will acquire EdgeCore\u2019s existing and under-construction sites and fund future acquisitions and buildout.<\/p>\n

Headquartered in Broomfield, Colo., EdgeCore is active in four markets: Ashburn (Sterling), Va.; Mesa, Ariz. (five buildings totaling 1.1 million square feet and 170 MW); Reno, Nev. (five buildings totaling 1.3 million square feet and 180 MW); and Santa Clara, Calif. (two buildings totaling 540,000 square feet and 72 MW).<\/p>\n

\"EdgeCore<\/a>

EdgeCore facility in Mesa, Ariz. Image courtesy of EdgeCore<\/p><\/div>\n

In a prepared statement, EdgeCore CEO Tom Ray said the company builds data centers in areas that maximize its pool of potential customers and design them to the performance standards of the top hyperscale customers. He added that the company identified a pipeline of opportunities across the U.S. and believes Partners Group\u2019s extensive experience working with infrastructure platforms, coupled with its financial resources, will enable EdgeCore to execute on current and future opportunities.<\/p>\n

Partners Group was advised by Latham & Watkins<\/strong>, KPMG<\/strong>, Clifford Chance<\/strong> and Ropes & Gray<\/strong>. EdgeCore was advised by Greenberg Traurig<\/strong>, RBC Capital Markets<\/strong> and Ernst & Young<\/strong>.<\/p>\n

An electric market<\/h2>\n

The U.S. data center market is buzzing, with more than 453.4 MW of net absorption in the first half of this year in the seven primary markets, according to an October report from CBRE<\/strong> Research.<\/p>\n

Concurrently, user requirements continue to expand; recent leases have exceeded 60 MW and even 100 MW. All of that in turn has helped to drive overall vacancy down to a record low of 3.8 percent, CBRE reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

An investment of as much as $1.2 billion is expected to fund the purchase and buildout of existing and future data center sites.<\/p>\n","protected":false},"author":882,"featured_media":1004629018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21808,21783,23891,21742],"tags":[32789,34620,37836,33478,49801,33813],"class_list":["post-1004628938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-featured","category-investment","category-national","category-latest","tag-cbre","tag-ernst-and-young-llp","tag-greenberg-traurig","tag-kpmg","tag-latham-watkins","tag-rbc-capital-markets"],"acf":[],"yoast_head":"\nPartners Group Acquires EdgeCore Digital Infrastructure - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Global private markets firm Partners Group, of Baar-Zug, Switzerland, has acquired EdgeCore Digital Infrastructure,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/partners-group-acquires-edgecore-digital-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Partners Group Acquires EdgeCore Digital Infrastructure\" \/>\n<meta property=\"og:description\" content=\"Global private markets firm Partners Group, of Baar-Zug, Switzerland, has acquired EdgeCore Digital Infrastructure,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/partners-group-acquires-edgecore-digital-infrastructure\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-14T12:41:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:36:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/EdgeCore-facility-in-Mesa-Ariz.-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"796\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/partners-group-acquires-edgecore-digital-infrastructure\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/partners-group-acquires-edgecore-digital-infrastructure\/\",\"name\":\"Partners Group Acquires EdgeCore Digital Infrastructure - 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