CIM Group and 1547 Critical Systems Realty have joined forces to purchase the Chicago-based data center operator Digital Capital Partners, LLC (DCP).
Located in the center of Chicago’s Loop neighborhood, DCP has more than 66,000 square feet of prime real estate for its “fiber rich, Tier 1" operations.
“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,” J. Todd Raymond, CEO of 1547, said in a 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 transcontinental connectivity to support their evolving business needs.”
Largely thanks to its central location, Chicago is one of the country’s leading data center marketplaces, boasting such key advantages as easy accessibility to transcontinental fiber networks, ready-made access to worldwide commercial exchanges and almost nonexistent exposure to natural disasters.
“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,” Christopher Jensen, a DCP partner, added in the release.
The powerhouse conglomerate duo also recently made data center property purchases in San Francisco, Toronto and Cheyenne, Wyoming, with CIM’s growing empire now including renewable energy, water, transportation, waste management and communications infrastructure.
With 700,000 square feet of data center space in Chicago, New York, San Francisco, Wyoming, Hawaii and Toronto, 1547 Critical Systems Realty (“1547”) is committed to providing tenants with “strategic, customized mission-critical solutions from concept through completion.”
The 9-year old company was launched through the efforts of a group of executives with more than 60 ears of experience in both the financial and the data center industries.