News
First Data Center In 10 Years To Be Built In San Francisco
August 09, 2017
Courtesy of fifteenfourtyseven Critical Systems Realty
Rendering of a data center at 400 Paul Ave. in San Francisco
San Francisco will soon have its first data center in over a decade. 1547 Critical Systems Realty and CIM Group bought 7.3 acres at 400 Paul Ave. in the Portola neighborhood and will break ground in the fourth quarter on a new data center, Data Center Knowledge reports. The JV purchased the property from The Cambay Group in a deal that closed Aug. 4. The site already has permits for a data center development.
The JV plans to hit the ground running on development, which is fully funded, without securing an anchor tenant. The JV will secure debt financing in the future, likely after signing an anchor tenant.
