MINNEAPOLIS – DTZ, a global leader in commercial real estate services, announced today that locally based Timeshare Systems Inc. has selected the firm to co-lead Agency Leasing for its data center at 511 11th Avenue.
DTZ Senior Vice President James Cali will lead the effort along with Mark Evenson, Principal and Managing Director of Avison Young’s Minneapolis office.
Minneapolis’ premier telco hotel, 511 11th Avenue offers up to 300,000 square feet of mission critical space. It is equipped for data centers, collocation, web hosting, multi-tenant telecommunication switching, fiber network service providers and optical cable backbones. Featuring 85,000 square foot floor plates, the five-story facility offers the largest contiguous blocks of data center space in downtown Minneapolis. 511 11th Avenue offers an unmatched combination of power and connectivity, with more than 20 fiber carriers available and a Excel substation located directly across the street.
“The property’s downtown location, breadth of fiber providers and state-of-the art data center infrastructure make it very attractive for latency sensitive clients such as streaming media companies, the financial/healthcare sector and hosting/cloud providers,” said Mr. Cali, who leads DTZ’s Global Data Center Practice Group. “We are thrilled to represent Timeshare’s facility. The explosion of cloud platforms, data growth and bandwidth intensive applications is causing enterprises and hosting companies to outsource data center requirements into premier facilities that can offer powered shell and turnkey solutions.”
DTZ’s Data Center Practice Group launched in 2004 to bridge the gap between traditional real estate decision making and the evolving technology sector. This team of specialists addresses the highly complex IT requirements of enterprise users both in the U.S. and overseas and has represented several of the largest data center transactions in the U.S.
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. The company’s core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facility services, capital markets, investment and asset management, valuation, research, consulting, and project and development management. DTZ provides property management for 1.9 billion square feet, or 171 million square meters, and facilities management for 1.3 billion square feet, or 124 million square meters. The company completed $63 billion in transaction volume globally in 2014 on behalf of institutional, corporate, government and private clients. Headquartered in Chicago, DTZ has more than 28,000 employees who operate across more than 260 offices in 50 countries and represent the company’s culture of excellence, client advocacy, integrity and collaboration.
DTZ announced an agreement to merge with Cushman & Wakefield in a May 11 press release. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients. The agreement is subject to customary closing conditions and is expected to close before the end of 2015. For further information, visit: www.dtz.com or follow us on Twitter @DTZ.