Harrison Street, pursuing its digital infrastructure strategy, and 1547 Data Center Real Estate Fund II, LP, an affiliate of fifteenfortyseven Critical Systems Realty, LLC (1547), announced Wednesday the acquisition of the historic Pittock Block building, a vital carrier hotel, colocation data center and office building located in downtown Portland, Oregon.
The 302,200 square foot building is one of the most connected buildings in the United States, serving 179 service providers, and is one of only two primary Internet Exchanges in the entire Northwest. Additionally, Hillsboro, located 18 miles to the west of the property and home to Intel, is one of the fastest-growing data center submarkets in the world, further fueling growth within Pittock Block.
Pittock Block is the second investment for Harrison Street and 1547 following the acquisition of the historic Wells Building, a carrier hotel and data center located in Milwaukee, Wisconsin. The acquisition is Harrison Street’s second carrier dense data center investment. Harrison Street has committed approximately $1 billion in digital infrastructure projects since 2018.