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Area Development - Site Selection, Facility Planning and Workforce Development

Major Lexington, Kentucky, Data Center Site Sells For $15.9 Million

06/25/2018
A major 377,000 square foot corporate headquarters and data center in Lexington, Kentucky, scheduled for a June 26 auction, has sold prior to auction for $15.9 million, according to Tranzon Asset Advisors, a company that sells valuable real estate assets throughout the United States and overseas.

The purchase included the 259,000-square-foot administration building at 3499 Blazer Parkway and a second building at 3475 Blazer Parkway, designed for use as a Tier III data and technology center. The two buildings are connected by underground pedestrian and utility tunnels.

The 19-acre campus with two buildings sold to Research Way Investments, LP, of Paso Robles, California, according to Ed Durnil of Tranzon. "Occasionally, the impending auction will result in a prospective buyer making an acceptable offer, and that was the case this time," said Durnil. The transaction closed Friday, June 22.

Research Way Investments General Partner Rex Jacobsma said the firm purchased the facilities as an investment and will be seeking to lease the space.

"We are excited to take on this project and look forward to working with businesses to meet their office and data center needs. We would be happy to talk to someone seeking to lease it all, but it most likely will become a multi-tenant facility," said Jacobsma.

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