United States: Eight Windstream switch and data center sites portfolios up for sale

 A portfolio of eight switch and data center sites in the US are up for sale. The sites are located in eight cities across seven states, totaling 379,000 square feet (35,210 sqm) spread across 26 acres. The facilities are located in Lexington, Kentucky; Texarkana and Sugar Land, Texas; Colorado Springs, Colorado; Dubuque, Iowa; Harrison, Arkansas; Hobbs, New Mexico; and Dalton, Georgia. 
 

Seven of the eight assets are 100 percent leased to the tenant through 2034 and the 8th asset through 2031 and the tenant has maintained occupancy in all assets since at least 2014. The properties generate a total rent of $5.7 million annually. The unnamed tenant is described as a “major home Internet provider,” with online listings for each address suggesting it is likely Windstream.

“The properties are critical infrastructure to the tenant as the locations are interconnected transmission facilities that efficiently route telecommunication traffic across their network,” JLL said. “The Colorado Springs and Lexington assets serve as key data center locations for the tenant’s wholesale services, with the Lexington asset serving as the switch and data center hub for the tenant's east coast operations.”