The team of CIM Group and fifteenfortyseven Critical Systems Realty has a new project in its sights this week. The pair announced the acquisition of a property on the south side of Chicago that they intend to transform into a major data center facility.
The building is the 220,000 square foot, 4.69 acre Midway Technology Center at 40 East Garfield Boulevard between S. State Street and S. Wabash Avenue, and was once Schulze Baking Company's bread factory. If all goes well, it will be transformed into a 26MW data center aimed at the wholesale space. Phase 1 will bring some 52K square feet of raised floor space into the market.
With CIM Group handling the property side and 1547 handling the retrofitting, the two now have four projects in play in the markets of San Francisco, Toronto, Cheyenne, and now Chicago.