Digital Realty Sets Up Data Center in Chicago Suburbs

7 Jun 2012 by Datacenters.com Technology

"FRANKLIN PARK, IL-Digital Realty Trust Inc. has purchased a 575,000-square-foot complex here for $22.3 million in a sale-leaseback transaction. The Frain Group, a used packaging machinery distributor, reportedly will continue to occupy two-thirds of the 22-acre site.

Digital Realty, based in San Francisco, will convert the rest of the facility into a data storage center, with an expected delivery by mid-2013. The company said in a statement Wednesday that Frain is leasing its portion of the three buildings on a short-term lease basis, subject to a termination option that could be exercised in response to Digital Realty customer demand.

The data center trust also has two properties in Chicago, including the Lakeside Technology Center at 350 E. Cermak, a 1.1-million-square-foot data tower, and another 162,000-square-foot center on Federal Street. However, a source close to the trust tells GlobeSt.com that the firm had been getting requests to open a data center in the suburbs. The Franklin Park property is only 10 miles from O’Hare International.

Michael Foust, CEO of Digital Realty Trust said the property will accommodate corporate customers.
Michael Foust, CEO of the trust, said in the statement that this new facility will be no different to its other centers in major markets such as Chicago, Dallas and northern Virginia. “This acquisition provides stabilized cash flow in the short term, with a substantial, near term redevelopment opportunity,” he said.

The trust plans to eventually redevelop all three buildings for data center use. Power will be provided by Commonwealth Edison Co.

Visit our data center services page for additional information about data centers, or speak directly to one of our Data Center Mapping.com colocation server experts for questions, help or advice by calling toll free (877) 406-2248"

Author

Datacenters.com Technology

Datacenters.com is the fastest and easiest way for businesses to find and compare solutions from the world's leading providers of Cloud, Bare Metal, and Colocation. We offer customizable RFPs, instant multicloud and bare metal deployments, and free consultations from our team of technology experts. With over 10 years of experience in the industry, we are committed to helping businesses find the right provider for their unique needs. 

Subscribe

Subscribe to Our Newsletter to Receive All Posts in Your Inbox!