{"id":1004789092,"date":"2026-02-24T05:24:42","date_gmt":"2026-02-24T13:24:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004789092"},"modified":"2026-02-24T06:05:57","modified_gmt":"2026-02-24T14:05:57","slug":"exclusive-gi-partners-pays-222m-for-2-baltimore-facilities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-gi-partners-pays-222m-for-2-baltimore-facilities\/","title":{"rendered":"Exclusive: GI Partners Pays $222M for 2 Baltimore Facilities"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Flexential-Norcross-data-center-e1747212512447.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"3802\" height=\"2851\" data-attachment-id=\"1004757904\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/flexential-completes-atlanta-data-center-purchase\/flexential-norcross-data-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Flexential-Norcross-data-center-e1747212512447.jpg\" data-orig-size=\"3802,2851\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Flexential_Norcross_data_center\" data-image-description=\"&lt;p&gt;Image received from press release in May 2025, from Flexential&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Norcross data center. Image courtesy of Flexential&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Flexential-Norcross-data-center-e1747212512447.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Flexential-Norcross-data-center-e1747212512447.jpg\" alt=\"Exterior image of Flexential's data center facility in Norcross, Ga.\" class=\"wp-image-1004757904\" style=\"width:400px;height:auto\"\/><\/a><figcaption class=\"wp-element-caption\">Flexential, where GI Partners is co-investor, has a data center in Norcross, Ga. <em>Image courtesy of Flexential<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>GI Partners has paid a combined $221.9 million for two data center facilities located in the Baltimore metro area, according to Yardi Matrix information. Harrison Street sold the 2022-completed assets.<\/p>\n\n\n\n<p>The traded properties include:<\/p>\n\n\n\n<p>\u2022 Sandy Farms Data Center, a 109,455-square-foot facility in Severn, Md.<br>\u2022 Eternal Rings Data Center, a 110,336-square-foot data center in Laurel, Md.<\/p>\n\n\n\n<p>Capital One Bank provided a $113.4 million acquisition loan for the portfolio purchase, according to Anne Arundel County public records.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/builders-of-the-boom-top-10-data-center-developers\/\">Top Data Center Developers in the U.S.<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Harrison Street developed Sandy Farms Data Center with the help of a $58.2 million construction loan issued by Wells Fargo Bank in 2022, Yardi Matrix shows. Initial plans for the site called for a 2.2 million-square-foot campus.<\/p>\n\n\n\n<p>The Severn facility rises on a 50-acre site at 7665 Sandy Farm Road, close to Interstate 97 and some 14 mile from downtown Baltimore. The Laurel property occupies a 43-acre site at 9800 S. Eternal Rings Drive, some 20 miles from downtown Baltimore.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-gi-partners-digital-infrastructure-moves\">GI Partners&#8217; digital infrastructure moves<\/h2>\n\n\n\n<p>GI Partners has been a leading investor for over 20 years in data infrastructure. Its data center investment platform, dubbed GI Data Infrastructure, focuses on four subsectors: data centers, data transport, wireless access and tech-enabled infrastructure. <\/p>\n\n\n\n<p>The firm is also a co-investor in data center operator Flexential, which <a href=\"https:\/\/www.commercialsearch.com\/news\/flexential-completes-atlanta-data-center-purchase\/\">completed the acquisition<\/a> of a data center in Norcross, Ga., last May. At the time, the 1.8-megawatt, 32,740-square-foot facility served as Flexential&#8217;s hub for cloud and data protection in Atlanta, and had a planned 40,000-square-foot expansion.<\/p>\n\n\n\n<p>A month earlier, <a href=\"https:\/\/www.commercialsearch.com\/news\/harrison-street-1547-pick-up-hawaii-data-center\/\">GI Partners sold DRFortress<\/a>, the largest carrier-neutral data center in Hawaii. Harrison Street and fifteenfortyseven Critical Systems Realty&nbsp;are the facility&#8217;s new owners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital One Bank provided a $113 million acquisition loan.<\/p>\n","protected":false},"author":2991,"featured_media":1004757904,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21755,21808,21783,11,21742],"tags":[40482,33309,44141],"class_list":["post-1004789092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-data-centers","category-featured","category-investment","category-midatlantic","category-latest","tag-capital-one-bank","tag-gi-partners","tag-harrison-street"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exclusive: GI Partners Pays $222M for 2 Baltimore Facilities - 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