A Duval County data center leased by wireless network operator T-Mobile sold Aug. 6 for $8.1 million, according to county records.
At 7025 A.C. Skinner Parkway, the 32,946-square-foot facility was acquired by California real estate investment firm Landmark Dividend through LD FH Assetco 2 LLC.
Founded in 1985, Landmark Dividend describes itself on its website as “a global leader in the acquisition, development and management of real estate and infrastructure,” with more than 6,800 ground lease transactions totaling more than $4.5 billion and more than $25 billion in total real estate acquisitions and financings.
The company specializes in acquiring and managing cell towers, billboards, solar projects, wind turbines and other critical infrastructure assets, including data centers.
The Jacksonville acquisition adds to Landmark’s portfolio of digital infrastructure properties in major markets including Chicago, Dallas and Atlanta, as well as a prior Florida acquisition in Fort Lauderdale, according to the company’s website.
Landmark has already updated the Jacksonville location on its roster.
The seller was Connecticut-based Gallatin Point Capital, a private investment firm specializing in financial services, through RDC-7025 AC Skinner Parkway LLC.
Duval County property records show the transaction represents a $2.4 million decline from a 2022 sale, when the data center changed hands between PATBSS LLC, a local holding company managed by Eighteen Ten Partners Inc. and the Jacksonville-based Stein family, and Gallatin Point Capital’s LLC. That transaction was for $10.5 million.
The facility is much smaller than those that have prompted public outcry and development moratoriums in some communities and states. Modern megacenters can span well over a million square feet.