Client News
Snell & Wilmer Represents NTT Data Corp in $300 Million Land Acquisition
PHOENIX – Snell & Wilmer represented a subsidiary of NTT Data Corp in its recent acquisition of a 173 acre land parcel in east Mesa, Arizona. The property is zoned for data center usage, which could accommodate approximately 2,000,000 SF of data halls. Local outlets have reported that the transaction set a record sale price for vacant data center land in the submarket at approximately $300 million.
NTT Data is a global innovator of IT and business services headquartered in Tokyo, Japan. The company supports clients in over 50 countries with consulting, industry solutions, business process services, IT modernization, and managed services. The land is set to be used for a second data center site operated by NTT Data. The company currently owns a 126,000 square-foot data center in Mesa, Arizona, with plans for 7 total sites to come.
Snell & Wilmer Partner Brett J. Rufer led the firm’s representation in the transaction and negotiations, with the assistance of several other team members, including Christina Jutzi and Christopher P. Colyer. Brett has advised a number of clients in the data center space, advising clients on matters related to acquisition and development, regulatory compliance and related matters.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 17 locations throughout the United States and in Mexico, including Los Angeles, Orange County, Palo Alto and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
