He will fill the newly created role of global head of data centers at the firm.
Prologis's push exemplifies the growing interest among investors in data center deals, including players who have not traditionally been involved in the highly specialized industry.
Warehouses have squat footprints similar to data centers and are often located in industrial areas that have proximity to the heavy electrical lines and equipment necessary to deliver voluminous power that data centers require.
Warehouse growth slows as data centers accelerateDemand for data centers has steadily grown over the past decade, driven by the widespread use of cloud computing and storage across corporate America.
Blackstone, for instance, has said it plans to develop as much as $50 billion of data centers in the coming years.
Persons:
Chris Curtis, Curtis, Michael Hochanadel, Hochanadel, Harrison, They're, Joseph Ghazal, Ghazal, Hamid Moghadam, JLL, Morgan Stanley, Blackstone, Vince Tibone, Tibone, Prologis's, Ron Kamdem, Moghadam, Carl Beardsley, Beardsley, Chris Crosby, Prince William County, Prologis
Organizations:
Business, Harrison, Green, Amazon, Google, Microsoft, Brookfield, Blackstone, Compass
Locations:
San Francisco, Dallas, America, Brookfield, Canadian, Prince William, Virginia