Grain Management and StratCap acquire Brampton Data Center

Company

Grain Management, LLC

Law Firm / Organization
McCarthy Tétrault LLP
Law Firm / Organization
Gowling WLG (Canada) LLP
Law Firm / Organization
Milbank LLP
Law Firm / Organization
Troutman Pepper Hamilton Sanders LLP

Company

StratCap

Law Firm / Organization
McCarthy Tétrault LLP
Law Firm / Organization
Gowling WLG (Canada) LLP
Law Firm / Organization
Milbank LLP
Law Firm / Organization
Troutman Pepper Hamilton Sanders LLP

Company

Choice Properties REIT

Law Firm / Organization
Fasken Martineau DuMoulin LLP

On June 14, 2023, Grain Management, LLC, in partnership with StratCap, acquired a state-of-the-art, 127,000 square-foot Tier III data center at 55 Hereford Street in Brampton, Ontario, near Toronto’s major carrier hotel and interconnection hub. The facility offers 10 MVA of utility power, predominantly sourced from nuclear clean energy, with plans to expand capacity to 27 MVA. Positioned within Canada’s financial hub and near U.S. business centers like Boston and Chicago, the property presents significant leasing opportunities for hyperscalers and wholesale tenants. StratCap co-invested in the joint venture, taking a minority stake and managing the facility.

Legal advisors for the property acquisition included McCarthy Tétrault LLP and Gowling WLG, while Fasken advised Choice Properties REIT with a team led by Iris Tam, supported by Dan Law, Daniel Fuke, and Devon Hodgkins. Milbank and Troutman Pepper advised on the joint venture.

Merger & Acquisition
Tech/Computer/IT
$ 74,200,000
Closed
14 June 2023