PHOENIX — Lincoln Property Company announced the purchase of a partially-occupied data center in Chandler on Friday.

The Dallas-based company expects to built out the vacant space of the commercial real estate property and install a cooling system that they say could save millions of gallons of water monthly.

“This facility will add critical turnkey capacity with immediately available utility power,” Lincoln Property Company National Data Center Group Leader Ryan Sullivan said in a release. “It’s a rare combination that we look forward to delivering as part of our ongoing value-add data center strategy.”

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