CBRE has been appointed by Lincoln Rackhouse to manage data center operations for a recently acquired one million-sq.-ft. data center portfolio.
Lincoln Rackhouse, the data center division of Lincoln Property Co., has established a prominent national mission-critical real estate platform, acquiring or developing 10 new facilities since 2016, including a significant presence in several top U.S. data center markets. The recently-added portfolio consists of three data center campuses located in Dallas, Phoenix and Kansas City, Missouri, and was acquired from a Fortune 500 institution. Lincoln Rackhouse plans to invest additional funds into upgrading and retrofitting the remaining capacity and facilities for multi-tenant use.
Lincoln Rackhouse selected CBRE for its market-leading integrated data center services. CBRE will manage the data centers’ daily operations, preventative maintenance, and capital projects.
Greg Young, Senior Managing Director of CBRE’s Data Center Solutions, Americas, commented: “We are excited to work with Lincoln Rackhouse in supporting its goal of providing unparalleled service and expertise to their clients. This partnership solidifies the great relationship that our team has with Lincoln Rackhouse.”
Ryan Sullivan, Managing Director of Lincoln Rackhouse, stated: “CBRE’s Data Center Solutions team displayed a significant depth of knowledge and expertise in mission-critical facilities management as we developed our strategic operational strategy for this portfolio going-forward. The many synergies between our two groups were apparent, and we look forward to the continued partnership as we expand our platform.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Lincoln Rackhouse
Lincoln Rackhouse, the data center division of Lincoln Property Co., focuses on investment and development of mission critical real estate while helping organizations of all sizes locate, analyze and secure data center space to lease or own. Dallas-based Lincoln Property Co. has earned its reputation as effective, professional managers of residential and commercial properties with more than 50 years of experience in building, owning and managing one of the largest commercial real estate portfolios in the United States. With 20 years of experience sourcing mission critical data centers, Lincoln Rackhouse offers unparalleled market and industry knowledge with an unbiased approach in fulfilling technology requirements.
