GI Partners buys data center facilities in Los Angeles, Virginia

April 18, 2023
The private alternatives investment firm says it has purchased the building at 12800 Culver Boulevard in Los Angeles as well as 43915 Devin Shafron Drive in Ashburn, VA.

GI Partners has announced a pair of data center facility acquisitions in the past week. The private alternatives investment firm says it has purchased the building at 12800 Culver Boulevard in Los Angeles as well as 43915 Devin Shafron Drive in Ashburn, VA. Both properties become part of GI Partners’ Tech + Science real estate portfolio. Terms of the deals were disclosed.

The investment firm describes the facilities at 12800 Culver Boulevard as “crucial to the technology operations of a leading provider of premium digital video services across the U.S.” – DirecTV, a search of the web indicates. The 13-acre site features “advanced electrical and mechanical equipment,” fiber connectivity, and satellite arrays.

“We are pleased to announce the acquisition of this mission critical asset,” commented John Sheputis, managing director, and Rahul Chandiok, principal, of GI Partners via a joint statement. “This impressive and unique facility provides large-scale data storage and high-capacity digital content distribution for millions of customers. The property is a great fit for the ETS Fund given the long-term cash flow profile, advantaged location, market-leading tenant, and significantly above-standard digital infrastructure improvements.”

In Ashburn, the purchase includes a 98-acre campus managed by “one of the world’s leading data center operators,” according to GI Partners; an web search indicates that operator is Digital Realty. The existing facilities are fully leased by a pair of clients. The site offers 9 MW of critical power with room for expansion. The facility provides redundant electrical and mechanical improvements and multiple connectivity options through an adjacent campus.

“This property is centrally situated within the largest and most important data center market in the country,” said Sheputis and Patrick Lawler, director of GI Partners. “The recent leasing velocity of Northern Virginia affirms the value tenants place on locating at the center of the modern digital ecosystem. This network-dense data center is a great addition to our core investment programs and demonstrates our commitment to being a trusted counterparty in all circumstances.”

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About the Author

Stephen Hardy | Editorial Director and Associate Publisher, Lightwave

Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.

Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.

He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.

You can connect with Stephen on LinkedIn as well as Twitter.

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