CAPRE’s Data Center Industry Round Up for Aug 13, 2019

Check out the latest in deals, development and disruptive technology in the data center space for Aug 13, 2019: GI Partners Announces Appointment of John Sheputis as Managing Director: GI Partners, a leading private investment firm, announced today that John Sheputis, former President of Infomart Data Centers and co-founder and Chief Executive Officer of Fortune Data Centers, has joined the firm as a Managing Director. Mr. Sheputis will lead GI Partners’ technology real estate acquisition and development activities, adding considerable experience to GI Partners’ extensive footprint in technology advantaged real estate assets and operating businesses. In 2007, Mr. Sheputis helped establish the wholesale data center segment in Silicon Valley with the founding of Fortune Data Centers. Prior to Fortune, Mr. Sheputis founded and managed several Silicon Valley ventures, including roles as co-founder and COO of Totality, EVP of Operations at Solidcore, and SVP of Sales for BeVocal. Lincoln Rackhouse + Principal Real Estate Investors Sell Chandler, AZ Data Center for $72 Million USD: Lincoln Rackhouse and Principal Real Estate Investors have sold the 191,000 square foot data center at 2500 W. Frye Road in Chandler, Arizona for to a client represented by CBRE Global Investors for $72.75 Million USD. The data center, which is fully leased by Internap, was purchased by Lincoln Rackhouse and Principal Real Estate Investors in 2018 along with two other data centers. “There are more diverse buyers of data center assets today than ever before,” said…