CBRE is pleased to present the opportunity to acquire a world-class interconnected Data Centre located at 175 West Cordova Street in the historic Gastown district of Vancouver, B.C. The iconic Data Centre is home to multiple international & Trans-Canada long-haul networks. It is one of the most strategically connected buildings in the heart of Downtown Vancouver where the Carrier Hotel is just steps away. 175 West Cordova Street comprises a total of 67,545 square feet of capacity and is fully occupied by Cologix, who are extremely committed to Vancouver as a critical market for their operations and are enabling Canada’s digital transformation with their existing 3 other Cologix data centres all within close proximity from the subject property.
1. Top Technology Market
Vancouver is consistently recognized as one of North America’s top tech markets. In CBRE’s most recent Tech 30 report measures the tech industry’s impact on North America. For job and office markets, Vancouver ranked #3 out of 30 other top cities.
2. Rare Downtown Location and Proximity to Carrier Hotel
175 West Cordova is the only Data Centre currently available for sale in the downtown core area and walking distance to the Carrier Hotel Harbor Centre that will enable the low latency network neutral connection.
3. Building Size and High Ceiling
This interconnected Data Centre located in the Gastown District of Vancouver has a sizable capacity of 67,545 square feet and 13.6 feet ceiling height in the heart of downtown Vancouver.
4. Major Capital Upgrades
The 4-storey building is undergoing major renovations including but not limited to structural upgrades and increased power capacity by the tenant.
5. Cologix Long Term Tenant Covenant
In addition to a long-term lease, Cologix has 3 other Cologix Data Centres within walkable distance from subject property in Downtown Vancouver.
6. Generator Power Capacity
The current critical power capacity will be strengthened from 2 MW to 5 MW and power generators will be upgraded from 2 to 5 generators after renovation.