Lincoln Property Company Acquires Major Arizona Data Center in $130 Million Deal December 11, 2025 In a significant transaction underscoring the sustained investor appetite for digital infrastructure, Lincoln Property Company has acquired a large-scale data center in the Phoenix metropolitan area for $130 million. The deal highlights the strategic value of well-located data center assets as demand for cloud computing and AI-driven workloads continues to surge. The commercial real estate firm purchased the 191,000-square-foot facility located in Chandler, Arizona, from CBRE Investment Management. The property, which is situated in a key growth corridor, is slated to undergo substantial upgrades to be converted into turnkey data center space, ready for immediate tenant occupancy. CBRE’s capital markets team, including Senior Vice President Kristina Metzger, represented the seller in the transaction. This acquisition occurs against a backdrop of record-low vacancy rates for data centers in the Phoenix area, a market that has become a magnet for technology companies and hyperscale operators due to its favorable power costs, robust fiber connectivity, and relative resilience to natural disasters. The $130 million price tag for the Chandler facility reflects the premium valuations such in-demand assets command. The move by Lincoln Property signals a deepening commitment to the data center sector and is expected to intensify competition for similar properties in secondary markets. Industry analysts view the Phoenix region’s expansion as a bellwether for the broader national data center construction and investment boom, driven by the foundational needs of artificial intelligence and large-scale digital transformation. Source: costar
Lincoln Property Company Acquires Major Arizona Data Center in $130 Million Deal
