Reprinted from: Colorado Real Estate Journal
November 16, 2004
T-Rex Capital LLC made it’s first entry into the Colorado market with it’s acquisition of a 281,000-square-foot data center and office complex in Aurora.
According to public records, T-Rex Capital paid $11 million for the three-building complex at 11900 E. Cornell Ave. The complex features a 168.000-sf parking garage, adjacent surface parking and “sophisticated” redundant power system.
T-Rex is an owner, developer and operator of specialized commercial properties that satisfy the 24-hour operating demands of “mission critical” information technology users – primarily data and disaster recovery centers.
“We were attracted to Aurora initially because of its reliance on the defense industry,” said Thomas M. Mulroy, cheif executive officer.
“The Aurora property was od immediate interest to us because of its extremely robust power supplies as well as the advanced telecommunications infrastructure, all interwoven with the existing data center,” he added.
The company anticipates interconnecting the Aurora property through a secure telecommunications network with other T-Rex properties located in the metro Washington, D.C., area. As well, as tenant leases expire, T-Rex plans, by 2006, to lease the entire Aurora property to a single tenant, such as a government or corporate data center user.