January 21, 2011
In one of the largest deals of the year in Chicago’s Loop, Op2mize represented the buyer of a 443,446 SF critical operations and data center facility at 840 S. Canal Street.
Located adjacent to Chicagoâ€™s Loop, the eight-story critical operations and data center facility on 5.23 acres will be redeveloped into a world-class multi-tenant data center and trading floor space with total project costs of more than $200 million dollars. When completed it will become one of the largest data centers in the Midwest.
â€œThe data center market in the Loop area has been tight for some time now due to the limited supply of qualified alternatives. This property helps fill that void with itâ€™s 38 MW of dedicated power from multiple feeds, heavy floor loads, highceilings, redundant infrastructure, robust security, connectivity from 10 different carriers, and most of allâ€“speed to market,â€ said Geoffrey Kasselman, SIOR, LEEDAP, the President of Op2mize, who negotiated the transaction with the assistance of Thomas Bueltmann, LEED Green Associate from Op2mize, and Bryan Loewen, leader of Newmark Knight Frankâ€™s global data center practice group.
To see the full press release go to: OP2MIZE NEGOTIATES $200M CHICAGO DATA CENTER ACQUISITION
To see the article in Crain’s go to: $200-million data center planned for former Northern Trust building …