Lincoln Property Company Inks Major Lease at Data Center Located in Atlanta’s Perimeter Center Submarket
Lincoln Property Company Southeast in conjunction with its data center division, Lincoln Rackhouse, and in partnership with joint venture partner Bailard, Inc. (Lincoln or the Partnership) has secured a master lease for the entire 88,000 square feet of space at a data center located in the Central Perimeter submarket of Atlanta. Ryan Sullivan and Chip Sipple handled leasing for the owner. The Partnership purchased the facility in May 2017.
INAP Corporation signed a long-term lease for 100 percent of the space at the data center. INAP Corporation is a leading provider of internet infrastructure through colocation business, enterprise services and cloud services supported by a high-performance global IP network. With locations all over the world, INAP Corporation has chosen Atlanta as their headquarters.
“The strategic location of the facility, with its unique proximity to the large office using population in Central Perimeter, provides inherent appeal to users and tenants at this site which helped draw INAP to this location,” said Lincoln’s Sipple. “INAP Corporation has a significant presence in Atlanta and we are excited they have chosen this data center as their newest location as they continue to build their presence in the market.”
The data center is a Tier 3 facility featuring 4.8 megawatts of power fed by two 20 kilovolt power feeds from Georgia Power which are on a switched configuration between each respective substation. The data center will serve as INAP’s new major location in the Atlanta market in addition to their downtown presence. INAP plans to relocate some employees to the property.