January 22, 2020
T5 Data Centers purchased a 164,000-square-foot data center shell in Brennan Investment Group’s Elk Grove Technology Park for an undisclosed sum. The Elk Grove Village, IL facility will provide 103,000 square feet of white space and 15.4 megawatts of power capacity for enterprise and hyperscale cloud computing customers.
“We’re excited to grow in the Chicago data center market, where we continue to have tremendous success,” said Pete Marin, T5 CEO. Based in Atlanta, T5 currently operates three Chicago-area data centers.
Marin added, “Elk Grove Village has become a focal point for Chicago data center activity with outstanding Village support, reliable low-cost power and robust network infrastructure, making it an ideal location for both enterprise and hyperscale cloud companies in need of additional capacity.”
Chicago-based Brennan acquired Elk Grove Technology Park in early 2018 as part of a $1-billion development project. It’s said to be the nation’s largest contiguous industrial park.
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Tags: Acquisition, Industrial
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