Sabey Data Centers: Company Profile

Background

Overview

Sabey Data Centers is a leading provider of colocation, powered shell, and build-to-suit data centers, offering secure, reliable, and scalable infrastructure solutions. With over 3.5 million square feet of mission-critical space, the company serves a diverse clientele, including top financial, technology, media, and healthcare organizations. Sabey Data Centers is a joint venture between Sabey Corporation and National Real Estate Advisors, LLC.

Mission and Vision

The company's mission is to deliver innovative and sustainable data center solutions that meet the evolving needs of its clients. Its vision focuses on providing high-quality, energy-efficient, and scalable infrastructure to support the digital transformation of businesses worldwide.

Primary Area of Focus

Sabey Data Centers specializes in the development, ownership, and operation of multi-tenant data centers, emphasizing energy efficiency, modular design, and a vertically integrated approach to design, build, and operate facilities.

Industry Significance

As one of the largest privately owned multi-tenant data center owners and operators in the United States, Sabey Data Centers plays a pivotal role in providing critical infrastructure that supports the digital economy. Its commitment to sustainability and operational excellence has set industry standards for data center performance and reliability.

Key Strategic Focus

Core Objectives

Expansion: Increase the company's footprint in key U.S. markets to meet growing demand for data center services.

Sustainability: Achieve net-zero carbon emissions by 2029, aligning with global environmental goals.

Innovation: Integrate advanced technologies to enhance data center efficiency and performance.

Specific Areas of Specialization

Colocation Services: Providing secure and scalable spaces for clients to house their IT infrastructure.

Powered Shell and Build-to-Suit Data Centers: Offering customizable solutions tailored to specific client requirements.

High-Density Computing: Supporting environments that require substantial power and cooling capabilities.

Key Technologies Utilized

Liquid Cooling Solutions: Implementing advanced cooling technologies to efficiently manage high-density workloads.

Energy-Efficient Designs: Incorporating sustainable building practices to reduce environmental impact.

Primary Markets Targeted

Enterprise Clients: Large organizations seeking reliable and scalable data center solutions.

Hyperscale Providers: Companies requiring extensive data center capacity for cloud services.

Technology and Healthcare Sectors: Industries with critical data processing and storage needs.

Financials and Funding

Funding History

In April 2020, Sabey Data Centers issued approximately $800 million in securitized notes backed by tenant leases to refinance debt and support expansion efforts.

Recent Funding Rounds

The company has not publicly disclosed additional funding rounds beyond the 2020 issuance.

Notable Investors

Sabey Data Centers is a joint venture between Sabey Corporation and National Real Estate Advisors, LLC, which acts as the investment manager on behalf of its institutional clients.

Utilization of Capital

The capital raised has been utilized for debt refinancing and to fund the development and expansion of data center facilities across various U.S. markets.

Pipeline Development

Key Pipeline Candidates

Umatilla, Oregon Campus: A planned 60-acre, 100 MW+ data center campus announced in September 2023.

Stages of Development

Umatilla, Oregon: Site preparation and permitting are underway, with construction expected to commence in 2026.

Target Conditions

Umatilla, Oregon: Designed to support high-density computing environments with substantial power and cooling requirements.

Anticipated Milestones

Umatilla, Oregon: Initial construction phases are projected to begin in 2026, with the campus becoming operational in subsequent years.

Technological Platform and Innovation

Proprietary Technologies

Advanced Cooling Systems: Utilizing liquid cooling solutions to efficiently manage high-density workloads.

Significant Scientific Methods

Energy Efficiency Practices: Implementing sustainable building designs and operational practices to minimize environmental impact.

Leadership Team

Key Executives

Tim Mirick: President of Sabey Data Centers since January 2025, succeeding Rob Rockwood.

Professional Backgrounds

Tim Mirick: Brings extensive experience in the data center industry, having held various leadership roles prior to his appointment as President.

Key Contributions

Tim Mirick: Oversees strategic direction and operational excellence, focusing on expansion and sustainability initiatives.

Competitor Profile

Market Insights and Dynamics

The data center industry is experiencing rapid growth due to increasing digitalization, cloud computing, and data storage needs. Companies are focusing on scalability, reliability, and sustainability to meet client demands.

Competitor Analysis

Equinix: A global leader in data center services, offering extensive interconnection options and a vast network of facilities.

Digital Realty: Provides a wide range of data center solutions with a focus on global reach and operational efficiency.

CyrusOne: Specializes in enterprise-class, carrier-neutral data center properties across North America and Europe.

Strategic Collaborations and Partnerships

JetCool Technologies: Partnered to integrate advanced liquid cooling solutions, enhancing data center efficiency and sustainability.

Operational Insights

Sabey Data Centers differentiates itself through its vertically integrated model, offering end-to-end services from design and construction to operation. This approach ensures greater control over quality, timelines, and cost, providing a competitive edge in the market.

Strategic Opportunities and Future Directions

Strategic Roadmap

Expansion: Continue to develop and expand data center campuses in key U.S. markets to meet growing demand.

Sustainability: Achieve net-zero carbon emissions by 2029, aligning with global environmental goals.

Innovation: Integrate advanced technologies, such as liquid cooling solutions, to enhance data center efficiency and performance.

Future Business Directions

Focus on sustainable development practices, expansion into emerging markets, and the adoption of cutting-edge technologies to maintain a leadership position in the data center industry.