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Data Center Operator Data Center Operator


Global Data Center Operator

Site Selection & Acquisition for Data Center

01 The Opportunity

Cushman and Wakefield was retained by a global data center operator to assist in the selection of a site for a new data center. The client was looking within a specific geography for vacant land and/or an existing building that could be demolished or retrofitted to be used as a data center.


  • Client requirement to remain confidential to prevent unnecessary land value inflation.
  • Client required ownership of site and was hesitant to consider alternative deal structures (build to suit, land-lease of joint venture).
  • Specific geographies targeted consisted of: 
    • significantly built out suburban areas with few truly greenfield opportunities.
    • small lots requiring negotiation with multiple parties to acquire the desired acreage.
    • little to no “on market” properties.
    • situations where availability rates were below 1.5% meaning significant competition incurred when large industrial properties became available.
    • further limited availabilities due to access to power and fiber.
    • large parcels of land zoned agricultural or constrained by green belt regulations or environmental issues requiring longer lead

02 The Solution

  • Comprehensive research done in the region.
  • Mapped and identified ownership of all large land and industrial parcels in the area (both “on” and “off”).
  • Overlaid electrical power and fiber information to further qualify potential sites.
  • Contacted all land/industrial owners with characteristics to unearth off market transactions.
  • Worked with multiple site owners for potential assembly of land sites.
  • Worked weekly with client to create and update a short list of targeted options with multiple contingencies for each preferred site to develop and maintain negotiating leverage.
  • Continually followed up with landowners to sustain momentum and develop leverage and sense of urgency.

03 The Results

  • Cushman & Wakefield identified a site owned by a proven market leader in Canadian development and construction formerly used as a pharmaceutical facility. The site was in a desirable location, included excess land and had the potential for a partial retrofit for a data center facility. Cushman & Wakefield introduced the two parties and assisted with the negotiation of a joint venture agreement.

  • The data center operator entered into a joint venture and leveraged the Canadian development company’s 30 years of experience and more than $4 billion in developed assets within Ontario to complete its first international expansion and develop a 56 MW data center campus in Toronto, Ontario.

Meet the team

Randy Borron Toronto Office Leasing
Randy Borron

Vice Chairman, Office
Toronto, Canada

+1 (416) 359-2474 x222474

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Brad Henderson
Brad Henderson

Toronto, Canada

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Michael Borron

Associate Vice President
Toronto, Canada

+1 (416) 359-2481

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