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Data Center Sale Provides an 83% Return in a Year in a Top US Market

Deal For $73 Million Reflects Growing Tech Company Demand
Foreign investors competed to buy Lincoln Rackhouse's data center in Chandler, Arizona. (Lincoln Rackhouse)
Foreign investors competed to buy Lincoln Rackhouse's data center in Chandler, Arizona. (Lincoln Rackhouse)
CoStar News
August 6, 2019 | 9:43 P.M.

Demand for data centers in greater Phoenix is so strong that an investor just sold one for 83% more than it paid last year, a sign that the state incentives and the growth of tech companies in the area are helping rapidly push interest for such properties.

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