Sabey Data Centers

Last updated
Sabey Data Centers
Company typePrivate
IndustryData centers
Headquarters
Tukwila, Washington
,
United States
Key people
Tim Mirick (President)
Parent Sabey Corporation
Website sabeydatacenters.com

Sabey Data Centers is a United States-based company engaged in the development, ownership and operation of multi-tenant data centers. It is the data-center business unit of Sabey Corporation, a privately held real-estate and development group based in Tukwila, Washington. [1] The company reports managing more than 3.5 million square feet of data center space and nearly 400 megawatts of capacity across the U.S. [2]

Contents

History

Sabey Corporation was founded in 1972 by Dave Sabey and initially focused on commercial real estate development and construction across the Pacific Northwest. [1] The dedicated data-center business emerged in the 2000s and grew through acquisitions and new campus developments.

In June 2011, Sabey acquired the 32-story former Verizon/NY Telephone building at 375 Pearl Street in Manhattan and began its conversion into an urban data-center facility. [3] [4] The retrofit opened in 2013. [5]

In April 2020, Sabey issued US\$800 million of securitized notes backed by data-center revenues to refinance debt and support expansion. [6] [7]

On 1 January 2025, Sabey announced that Tim Mirick would assume the role of President of Sabey Data Centers, succeeding Rob Rockwood. [8]

Structure and ownership

Sabey Data Center Properties, LLC is the joint-venture entity between Sabey Corporation and National Real Estate Advisors that owns and operates the data-center assets. [9] In September 2023, the joint venture announced plans for a 100 MW+ campus in Umatilla, Oregon. [10]

Operations

Sabey develops and operates carrier-neutral multi-tenant colocation facilities, powered-shell and build-to-suit data centers. [11] Its operations emphasise energy efficiency, modular build-to-suit capability, and a vertically integrated design-build-operate model. A case study by the New York State Energy Research & Development Authority (NYSERDA) documents efficiency upgrades at the Intergate Manhattan facility. [12]

Locations

As of 2025, Sabey lists campuses or facilities in the following U.S. markets:

Notable projects

Finance

In 2020, Sabey issued approximately US\$800 million in securitized notes backed by tenant leases to raise capital for expansion. [22]

Sustainability

Sabey emphasises design for energy efficiency and modularity. A NYSERDA case study documents efficiency upgrades at the Intergate Manhattan site. [23] In October 2025, the company announced 70 MW of additional capacity across six U.S. campuses. [24]

Community and regional impact

In 2025, a proposed Sabey-affiliated data-center project near San Marcos, Texas, drew local scrutiny over water-supply and environmental impacts. [25]

See also

References

  1. 1 2 "About". Sabey Corporation. Retrieved 21 October 2025.
  2. "Data centers that do more". Sabey Corporation. Retrieved 21 October 2025.
  3. "Sabey Acquires Huge Verizon Building in NYC". Data Center Knowledge. 8 June 2011. Retrieved 21 October 2025.
  4. "Lipstick on a Bunker: 375 Pearl Bought by Seattle Data Centrists". The New York Observer. 8 June 2011. Retrieved 21 October 2025.
  5. "Sabey Opens High Rise Manhattan Data Tower". Data Center Knowledge. 21 March 2013. Retrieved 21 October 2025.
  6. Moss, Sebastian (1 May 2020). "Sabey Data Centers issues \$800 million in securitized notes". Data Center Dynamics. Retrieved 21 October 2025.
  7. "Sabey Data Centers Lines up \$800 Million to Fund Growth". Data Center Frontier. 30 April 2020. Retrieved 21 October 2025.
  8. "Sabey Data Centers Announces New President" (Press release). Business Wire. 16 January 2025. Retrieved 21 October 2025.
  9. "National Data Center Fund". National Real Estate Advisors. Retrieved 21 October 2025.
  10. "National and Sabey Data Center Properties announce new data center campus in Umatilla, Oregon". National Real Estate Advisors. 18 September 2023. Retrieved 21 October 2025.
  11. "History & values". Sabey Data Centers. Retrieved 21 October 2025.
  12. "Intergate Manhattan case study" (PDF). NYSERDA. 2017. Retrieved 21 October 2025.
  13. "Sabey to bring additional capacity online at two Washington campuses". Data Center Dynamics. 24 April 2025. Retrieved 21 October 2025.
  14. "Sabey breaks ground on third building at Ashburn, Virginia, campus". Data Center Dynamics. 26 June 2025. Retrieved 21 October 2025.
  15. "Sabey expands in Ashburn with first three story data center". Converge! Network Digest. 26 June 2025. Retrieved 21 October 2025.
  16. "Sabey Opens High Rise Manhattan Data Tower". Data Center Knowledge. 21 March 2013. Retrieved 21 October 2025.
  17. "Sabey Data Centers completes construction at Austin, Texas data center site". Sabey Data Centers. 17 October 2024. Retrieved 21 October 2025.
  18. "Sabey starts work on second data center at Texas campus in Austin". Data Center Dynamics. 30 July 2025. Retrieved 21 October 2025.
  19. "National and Sabey Data Center Properties announce new data center campus in Umatilla, Oregon". National Real Estate Advisors. 18 September 2023. Retrieved 21 October 2025.
  20. "Sabey Acquires Huge Verizon Building in NYC". Data Center Knowledge. 8 June 2011. Retrieved 21 October 2025.
  21. "TACC Selects Sabey Data Centers in Round Rock as Colocation Partner for New Supercomputer". Business Wire. 26 August 2024. Retrieved 21 October 2025.
  22. Moss, Sebastian (1 May 2020). "Sabey Data Centers issues \$800 million in securitized notes". Data Center Dynamics. Retrieved 21 October 2025.
  23. "Intergate Manhattan case study" (PDF). New York State Energy Research & Development Authority. 2017. Retrieved 21 October 2025.
  24. "Sabey offering more capacity and power at six U.S. data centers". Data Center Dynamics. 17 October 2025. Retrieved 21 October 2025.
  25. "Plans call for third data center in growing Hill Country cluster". San Antonio Express-News. 2 June 2025. Retrieved 21 October 2025.