CIM + 1547 Critical Systems Realty Acquire Chicago Data Center

CHICAGO, IL -- CIM Group and fifteenfortyseven Critical Systems Realty (“1547”) today announced the acquisition of a 66,000 square foot data center owned by Digital Capital Partners, located at 725 S. Wells, in the heart of Chicago’s business district. Digital Capital Partners is a Chicago-based wholesale carrier-neutral data center provider. 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. This acquisition follows the July 2018 acquisition of the 230,000-square-foot Midway Technology Centre on Chicago’s South Side. “This established facility adds to our growing portfolio of data center properties that we believe will serve both existing technology and enterprise tenants as well as new customers,” said J. Todd Raymond, Chief Executive Officer of 1547 and frequent contributor to CapRE’s International Data Center Series in the official press release. “With this new facility we will have the ability to provide customers of both of our Chicago facilities with access to a dense network of fiber providers and trans-continental connectivity to support their evolving business needs.” “We’re very proud of the project we built from scratch, and are pleased to see the asset in the hands of the CIM/1547 partnership,” added Christopher Jensen, Partner of DCP and Managing…