Originally posted on Data Center POST
Getting 2021 off on the right foot, 1547 Data Center Real Estate Fund, an affiliate of fifteenfortyseven Critical Systems Realty (“1547”) together with Harrison Street, has acquired one of the most interconnected buildings in the United States: The Pittock Block building in Portland, Oregon. The building, acquired from JLL for $326 Million, is the single biggest asset sale in Oregon since 2015.
The Pittock Block building is a vital carrier hotel, colocation datacenter, and office in downtown Portland. The building is home to one of only two primary Internet Exchanges (IXs) throughout the Northwest, connecting 179 service providers and is located east of Hillsboro, home to Intel and one of the fastest growing data center submarkets in the world.
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