24MW South Hill Business+ Technology Center

An opportunity to acquire a major digital infrastructure and commercial campus in the Greater Seattle market. The offering comprises a fully leased, Tier III-designed data centre with 24 MW of critical IT capacity, operated by Centeris Data Centers, two Class A office buildings, and substantial land offering further development potential. The vendor indicates that the data centre and office assets may be acquired together as a single portfolio or considered in separate transactions.

Key Investment Highlights

Established Data Centre

• 24 MW of critical IT capacity, marketed as fully leased.
• High-profile customers across AI, cloud, high-performance computing (HPC), and enterprise colocation.

Robust Power Infrastructure

• On-site 50 MW substation operated by Puget Sound Energy.
• 37.5 MW dedicated to the data centre.
• Dual-fed by independent 115 kV transmission lines.

Resilience & Reliability

• UPS and generator systems configured with N+1 redundancy.
• Facility described as exceeding Seismic Zone 3 specifications and constructed on bedrock.

Strategic Connectivity

• Carrier-neutral infrastructure supported by multiple fibre providers.
• Direct connectivity to the Westin Building Exchange in Seattle.

Significant Capital Investment

• Ownership reports nearly US$200 million invested in data centre infrastructure and campus upgrades during 2024–2025.

Class A Office Portfolio

• Two two-storey Class A office buildings.
• Approximately 358,305 rentable square feet in total.
• Reported occupancy levels of 74% and 50%, respectively.

Expansion & Development Potential

• Up to 25 acres identified for further development.
• Potential uses include powered data centre development and other commercial applications, subject to planning, power availability, and technical due diligence.

Strategic Campus Location

• Approximately 86-acre suburban business campus.
• Access to regional transportation, local amenities, and the wider Seattle technology ecosystem.

Transaction Opportunity

The opportunity is presented as the acquisition of the data centre, office buildings, and associated expansion land.

The seller may also consider separate transactions for the data centre and office buildings, providing flexibility for prospective investors.

Further information, including detailed tenancy, financial, technical, power infrastructure, and property documentation, is available subject to the execution of a Non-Disclosure Agreement (NDA) and access approval.