April 05, 2021
LOS ANGELES – Transwestern Real Estate Services (TRS) announces that it brokered the acquisition of a 117,000-square-foot data center located at 444 N. Nash St. in El Segundo, California. Kevin Moore, John Skalla, Todd Smith and Andrew Marcus, all of Transwestern’s Data Center Services group, represented the confidential buyer.
Sold by T5 Data Centers and previously known as T5@LA, 444 N. Nash St. is a single-story, Class A, industrial data center facility that is home to multiple credit-worthy, hyperscale and strategic tenants.
“We are thrilled to have advised on the acquisition of this state-of-the-art facility,” said Moore.
Skalla added, “With data center vacancy low across the region, we believe this is a great strategic asset.”
Southern California ranks among the top 10 data center markets in the U.S. due to demand from the entertainment and financial industries as well as online content providers, which have grown as people continue to work and consume media at their homes. Ongoing developments in technology, such as 5G and the Internet of Things (IoT), will require significant future investments in data centers, and Los Angeles serves as a critical point of connectivity with other leading data center markets, such as Silicon Valley and Phoenix.
Transwestern Data Center Services works with both investors and operators, helping clients to align IT requirements, real estate, and overall corporate strategy. Offerings include acquisition, buy-side consulting, sale-leaseback and disposition, expansion and performance evaluation, development, and capital placement.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.