CIM Group Acquires Property In Chicago’s South Side For Data Center Conversion
Marks fourth data center with fifteenfortyseven Critical Systems Realty.
CIM Group and fifteenfortyseven Critical Systems Realty (“1547”) have announced the acquisition of Midway Technology Centre, an approximately 220,000-sq-ft vacant industrial campus consisting of a five-story building and surface parking lots. Located at 40 East Garfield Boulevard between S. State Street and S. Wabash Avenue in Chicago’s Washington Park neighborhood, the property sits on 4.69 acres of an entire city block and was the former bread factory of the Schulze Baking Company that opened over a hundred years ago. The property is expected to be converted into a 26 MW Tier III+ data center with tech office space designed to address wholesale users’ increasing data and connectivity demands.
Midway Technology Centre is located in a fiber-rich area adjacent to multiple fiber-optic paths for metro and long-haul fiber into 350 E Cermak, the most interconnected datacenter in the central U.S. The historic industrial building will be rehabilitated and adaptively reused to accommodate a range of data center users seeking a presence in the greater Chicago metro area.