Landmark Dividend, a real estate development company has acquired a data center campus in Phoenix, Arizona, which was owned by PayPal.

The newly acquired facility is an 184,000 square foot campus with three data center buildings and an office area. It features around 16MW of data center capacity including 9MW available for immediate lease.

Landmark has selected the JLL Data Center Solutions team in Phoenix to act as leasing manager of the data center campus, while Dallas-based critical facilities operations company BCS will handle facility management, security, janitorial, and IT services solutions.

The partnership with BCS is said to have strengthened Landmark’s expanded data center infrastructure offerings. The pair claims that its critical facility operations partnership has shown it can save enterprise data center users 15% to 25% in operating costs annually.

 “We’re excited to continue the expansion of our digital infrastructure platform, building on the team’s impressive history of data center investment and acquisition activity,” said Ryan Sullivan, Senior Vice President of Landmark’s Digital Infrastructure division.

“Our new Phoenix data center campus, with its significant capabilities, represents a new era for our team, and we look forward to supporting turnkey data center requirements in a market where data demands continue to expand rapidly.

“As an experienced data center and real estate company, we understand the sophisticated needs of buyers in the era of converged infrastructure, and we’re now better positioned to seamlessly meet those needs.”

With this acquisition, Landmark marks its 16th data center asset acquired within the last 18 months and will be expanding its portfolio into offering a turnkey data center platform.

Located at the southwest corner of Third Street and Indian School Road, the acquired data center is currently about 50% occupied by Paypal, a popular technology-based financial services provider which will remain a core tenant at the Arizona campus.