Prologis and Skybox Datacenters Sell High-Capacity Data Center
, /PRNewswire/ — Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced it has sold a data center development in its Chicago market to HMC Capital (ASX: HMC). Prologis, in partnership with Skybox Datacenters, is converting one of its warehouses into a high-capacity, turnkey data center with a marketed capacity of 32 megawatts (MW).
Warehouse conversions and ground-up development are the keys to the company’s data center strategy. This warehouse is held in the U.S. Logistics Fund (USLF), a Prologis co-investment vehicle focused on premier logistics real estate, including higher and better use conversions.
“We see great potential for warehouse conversions in key markets and properties in our portfolio,” said Dan Letter, president of Prologis. “The end-to-end capabilities of our unique data center platform enables Prologis to capitalize on this compelling growth opportunity, while delivering outsized returns to our investors and meeting customer demand for digital infrastructure.”
Prologis has …