Oct 17, 2025 | Posted by Abdul-Rahman Oladimeji
Principal Asset Management this week announced the sale of a 15.2MW, 185,000 sq ft (17,185 sqm) single-story data center in Alpharetta, Fulton County.
The data center, located on 39 acres at 4905 North Point Parkway, was originally built for a telecommunications technology company in 2009, with an initial design enabling a power capacity of 4MW. Following the expansion to 15MW, Principal says the site offers the possibility of further expansion on land adjacent to the existing building.
Devin Chen, head of private equity real estate portfolio management at Principal Asset Management, said: “Our data-driven approach to asset selection and value enhancement capabilities allow us to capitalize on markets with significant potential growth, and the data center in Alpharetta is a prime example of this. We substantially increased the site’s power capacity, further meeting the demand of today’s tenants. Principal continues to see strong opportunities across the data center market and remains committed to investing in high-quality, strategically located assets.”
