Paul Hastings Guides GI Partners On Data Center Purchase

Law360, New York (December 14, 2012, 4:53 PM EST) -- Midmarket private equity firm GI Partners, through DataCore LP, a real estate fund it manages that was launched with the California State Teachers' Retirement System, on Thursday acquired a San Diego data center and office building leased to American Internet Services and San Diego Gas & Electric Co.

Financial details of the purchase were not immediately available. The acquisition marks the first investment for DataCore, a $1 billion real estate fund launched earlier this year with $250 million in CalSTRS seed money. CalSTRS created the fund...
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