CIM Group Acquires Data Center In Chicago’s Central Business District
Transaction marks the fifth data center property acquisition in 15 months with fifteenfortyseven Critical Systems Realty.
CIM Group and fifteenfortyseven Critical Systems Realty (“1547”) have announced the acquisition of an operating data center located at 725 S Wells in the heart of Chicago’s business district. The 66,000-sq-ft facility was purchased from Digital Capital Partners, LLC (“DCP”), a Chicago-based wholesale carrier-neutral data center provider.
Located in a fiber-rich, Tier 1 data center market, the newly acquired facility further expands the partnership’s data center portfolio with 5 MW of total in-place capacity. 725 S Wells is positioned atop of the Chicago “Fiber Ring,” providing tenants with access to more than 15 different fiber carriers and robust connectivity to 350 Cermak Road, Chicago’s largest and most interconnected data center.