GI Partners has purchased Komo Plaza, a 294,000 square foot data facility and office space, from real estate investment firm Hines Interests LP. The buyer, a middle-market private equity firm, paid approximately $276 million for the target.
Komo Plaza is a Seattle-based carrier hotel combining a data center and office retail space in a two-building campus. A carrier hotel, also called a colocation center, is a secure physical site or building where data communications media converge and are interconnected. It is common for numerous service providers to share the facilities of a single carrier hotel. The deal for Komo Plaza gives the buyer access to more domestic fiber routes and transpacific undersea cables.