Data center giant buys huge Valley site

(Disclosure: Rose Law Group represents QTS Realty Trust.)

By Audrey Jensen | Phoenix Business Journal

Data center giant QTS Realty Trust recently closed on a massive, nearly 400-acre property in the West Valley.

The Overland Park, Kansas-based firm purchased the site for $255 million, or about $653,409 per acre, from Chicago-based First Industrial Realty Trust Inc. and Phoenix-based Merit Partners Inc. on July 5, according to real estate database Vizzda.

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