Sansone Group, based in St. Louis, in partnership with Silver Spring-based Priseda, acquired a 214,000 SF Tier 4 data center located in White Oak/Silver Spring MD for $29 million, according to Biz Journals.
“This acquisition marks a pivotal moment for Sansone Group,” said Nick Sansone, principal at Sansone Group. “As we continue to scale our platform, further expanding into the data center space allows us to align with major macroeconomic trends and meet the needs of today’s most innovative users.”
Per the press release: The off-market acquisition represents a milestone in Sansone Group’s efforts to diversify its national investment portfolio and enter one of the most dynamic asset classes in commercial real estate. Sansone partnered with Priseda, a longstanding tenant of the property, to secure the opportunity…