Data Center News

Sabey Has Plans For $250m Revenue Notes

Sabey Data Centers is about to issue revenue notes to the tune of $250m. According to Asset Securitization, the company will issue the notes to securitize real estate and tenant lease payments on six of its hyperscale data center campuses across Washington, Virginia, and New York. S&P will...

June 30, 2022

Sabey Data Centers

A $1.5 Billion Data Center in Niagara Falls is Being Planned

Urbacon and Niagara Falls Redevelopment (NFR) have announced plans for a $1.5 billion data center park on land in Niagara Falls, New York City. Urbacon is an Ontario-based construction company with an excellent track record of developing massive data center campuses in Richmond Hill, Montre...

June 29, 2022

New York

Bill passed to ban cryptomining data centers that use fossil fuel power plants

The New York Legislature has passed a landmark bill to ban cryptocurrency data centers that use fossil fuels to power their operations, in an effort to reduce statewide emissions by 85% by 2050. Specifically, the bill will impose a two-year moratorium on these activities, however, Governor Kat...

June 13, 2022

New York

Sabey Data Centers announces central U.S. market expansion

Sabey Data Centers has announced plans to expand its US footprint. This expansion will present itself in the form of a 40-acre data center campus located in Round Rock, near Austin, Texas. The company has outlined that the campus will comprise two buildings and provide up to 72MW of capacity. ...

April 21, 2022

Sabey Data Centers

Sabey Plans To Develop Two Data Center Buildings in Round Rock, Texas

Sabey Data Centers is planning to develop two data center buildings in Round Rock, Texas. The officials of Round Rock announced that the data center company wants to demolish the Sears Telesery building at 1300 Louis Henna Blvd. and develop the buildings there. Sabey has an agreement with t...

February 25, 2022

Sabey Data Centers

Unoccupied Data Center in Hauppauge, NY, sells for $21m

An unoccupied data center in Hauppauge, New York, has been acquired for $21 million. According to Newsday, Link Logistics, a subsidiary of Blackstone, bought the property. Link Logistics plans to tear down the building and redevelop it as a Class A distribution center. The data center sits on ...

February 02, 2022

New York

Sabey Data Centers to expand in Quincy

Sabey Data Centers has announced it is expanding its SDC Quincy campus in central Washington. The company said the expansion will see 70 MW added to the campus. The campus currently spans 420,000 sq ft (39,000 sqm), and the first phase of construction will go ahead in the second half of the y...

February 01, 2022

Sabey Data Centers

Largest Data Center Funding Deals In Q2 of 2021

The data center industry is a multibillion-dollar industry. According to Gartner, end-user spending on data center infrastructure for 2020 was $188 billion, a 10.3% decrease from 2019’s spending. With these figures, we can reach a consensus that there’s a massive market available for data cent...

July 24, 2021

Switch

Sabey Data Centers issues $175 million in securitized notes

Sabey Data Centers announced that it has raised $175 million by issuing securitized notes at a coupon rate of 1.881%. By offering the notes at 1.881%, Sabey has set a record for the lowest new issue spread to benchmark rates. Also, Sabey Data Centers says it is the only data center issuer t...

July 10, 2021

Sabey Data Centers

Comcast Business forms partnership with Sabey Data Centers

Through the partnership, the telecommunications conglomerate will integrate its connectivity into data centers in Tukwila and Quincy, which will give businesses a private connection to regional Sabey data centers. According to Comcast, the move will help businesses in the local area provide be...

June 24, 2021

Sabey Data Centers

Sabey secures $250 million refinancing deal for 375 Pearl Street

Sabey has secured a $250 million refinancing deal for its office and data center at 375 Pearl Street, New York City. According to Commercial Observer, J.P. Morgan and Wells Fargo will be providing a $220 million, 10-year, fixed-rate CMBS loan and a further $30 million mezzanine debt. Sabey ...

June 20, 2021

Sabey Intergate.Manhattan

Sabey is adding 3.6 MW to Manhattan data center

Sabey announced it was adding 3.6 megawatts to its Integrate.Manhattan facility. The construction will be completed by the end of the year.Intergate.Manhattan is Sabey Data Centers’ 1.1 million square foot building located in Lower Manhattan. It is a mixed used building with data center/infr...

June 18, 2020

Sabey Intergate.Manhattan

Sabey Data Centers Successfully Issues $800M in Securitized Notes (PR)

Sabey Data Centers, one of the largest privately-owned multi-tenant data center owner/developer/operators in the United States, announced today that it has completed a major financing by successfully completing its inaugural issuance of $800 million in securitized notes. Structured by Guggenhe...

April 30, 2020

Sabey Data Centers

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