Prologis and Skybox Datacenters Sell High-Capacity Data Center
SAN FRANCISCO, Dec. 11, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced it has sold a data center development in its Chicago market to HMC Capital (ASX: HMC). Prologis, in partnership with Skybox Datacenters, is converting one of its warehouses into a high-capacity, turnkey data center with a marketed capacity of 32 megawatts (MW).
Warehouse conversions and ground-up development are the keys to the company's data center strategy. This warehouse is held in the U.S. Logistics Fund (USLF), a Prologis co-investment vehicle focused on premier logistics real estate, including higher and better use conversions.
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