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GI Partners pays $14.72M ($62psf) for 5.43-acre parcel near 7th Ave and Grant for a data center from LKY Development

  • 9/22/2026

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Phoenix Business Journal

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Highlights
GI Partners acquired a 5.43-acre Phoenix data center site for $14.72 million
Phoenix granted data center waivers to landowners who filed Prop 207 compensation claims
Potential data center site is near an APS substation

GI Partners
Mike Armstrong | Managing Director, Head of Technology & Science Investments-GI Real Estate
strong@gipartners.com
+1.415.688.4800
LKY Development
Larry Yount | President
lyount@lkydev.com
480-951-1281

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