Repositioning by modular expansion maximizes price

Citi

Services:
Sale/Leaseback

Buyer:
Bytegrid

A leading global bank, Citi engaged us to market the sale of its 210,000-square-foot legacy data center. Our analysis determined a partial sale/leaseback was the best strategy. We suggested repositioning the property, marketing the excess power and increasing square footage through a modular container approach. The expanded property generated considerable interest from potential buyers. Citi was able to choose among several buyers, which resulted in an attractive sales price.

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