GI Partners, a private investment firm based in San Francisco, California, currently managing over $13 billion in capital commitments, has acquired KOMO Plaza, a carrier hotel and colocation data center located at 100 and 140 Fourth Avenue North in Seattle, Washington – for $276 million. A two-building campus, KOMO Plaza offers colocation data center space and network neutral interconnections across approximately 294,000 square feet.
Based in San Francisco, GI Partners offers a differentiated, technology focused approach to real estate investment. With a 15-year history of investing in data centers, carrier hotels and other technology-advantaged real estate, the team leverages its expertise in sourcing, underwriting, financing, and actively managing its holdings. KOMO Plaza is a “highly resilient and secured facility combining data center, network neutral interconnections and a class A office in a superior, accessible location.”
The company also owns the One Wilshire building, located in downtown Los Angeles, which serves as one of the most comprehensive United States network gateways to Asia and West Coast interconnection environments.
“The acquisition of KOMO Plaza further expands GI’s portfolio of technology-advantaged real estate and exemplifies its strategy of leveraging the firm’s operational excellence, technical knowledge, and market expertise to acquire properties with significant critical building infrastructure,” said Tony Lin, Director of GI Partners. “GI Partners is well positioned to offer tenants and users connectivity along the West Coast through KOMO Plaza and its sister carrier hotel, One Wilshire.”
KOMO Plaza’s colocation data center features include the following:
- Meet-me-room with more than 15 carriers and service providers through diverse routing paths
- Reinforced concrete foundations, raised flooring, multiple riser systems and conduits
- 18 megawatts of installed utility power with separate A and B utility feeds and data center power densities in excess of 150 watts per square foot
- Backup power provided by nine generators totaling 16.5 megawatts
- Close proximity to transpacific subsea cables for low latency service to Asia
- One of four core switches for the Seattle Internet Exchange, a neutral and independent peering point and 4th most active internet exchange in the United States
- Rooftop satellite and antenna facilities for multiple communication configurations