Data Center News

Read CyrusOne amends $2.5 Billion Credit Facility
CyrusOne amends $2.5 Billion Credit Facility

CyrusOne amends $2.5 Billion Credit Facility

April 01, 2020 CyrusOne

The amended agreement consists of a $1.4B revolving credit facility, which includes a $750M multi-currency borrowing sub-limit, and term loan commitments totaling $1.1B.The credit agreement also contains an option which allows CyrusOne to obtain up to $1.5 billion in additional revolving or term...

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Read T5 adds a second facility in suburban Chicago
T5 adds a second facility in suburban Chicago

T5 adds a second facility in suburban Chicago

January 21, 2020 T5 Chicago II

T5 Data Centers has acquired a data center in Elk Grove, on the West side of Chicago. The 164,000 sqft facility is located in the Elk Grove Technology Park and is the company's second facility in Elk Grove. T5's first Chicago area data center is 1.5 miles away at 1441 Touhy Ave The facility is...

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Read NYI expands to Chicago
NYI expands to Chicago

NYI expands to Chicago

September 12, 2019 NYI Chicago (Oak Brook)

New York Internet (NYI) is expanding to Chicago through a data center acquisition. NYI has acquired the data center business at 800 Jorie Boulevard in Oak Brook Illinois. The facility was previously operated by Navisite. More info in the press release below. NYI Press Release New York, NY –...

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Read STACK Infrastructure Will Expand Chicago Facility
STACK Infrastructure Will Expand Chicago Facility

STACK Infrastructure Will Expand Chicago Facility

June 21, 2019 STACK Chicago CHI01

STACK Infrastructure, a Denver based data center provider, announced that it is expanding its Elk Grove facility. The expansion will offer 20 megawatts of additional critical capacity, bringing the total capacity to 33 megawatts. “Chicago is one of a number of important and growing markets for...

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Read CyrusOne Helps Launch ODATA’s First Data Center in Colombia (PR)
CyrusOne Helps Launch ODATA’s First Data Center in Colombia (PR)

CyrusOne Helps Launch ODATA’s First Data Center in Colombia (PR)

May 28, 2019 CyrusOne

DALLAS--(BUSINESS WIRE)--CyrusOne (NASDAQ: CONE), a premier global data center REIT, today announced that it has helped ODATA construct and launch the company’s first data center in Bogotá, Colombia. ODATA’s new data center, DC BG01, is the second ODATA data center, the first outside Brazil after...

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Read CyrusOne Reports Q1 2019 Earnings: Revenue is $225M up 14% YoY
CyrusOne Reports Q1 2019 Earnings: Revenue is $225M up 14% YoY

CyrusOne Reports Q1 2019 Earnings: Revenue is $225M up 14% YoY

May 01, 2019 CyrusOne

CyrusOne Inc. (CONE), a premier global data center REIT, today announced first quarter 2019 earnings. First Quarter Highlights 1Q’19 Year-over-Year Revenue Growth of 14% Leased 16 megawatts (“MW”) and 93,000 colocation square feet (“CSF”) in the first quarter, totaling $27 million in annualized...

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Read CyrusOne Sells GDS Shares to Raise Approximately $200 Million of Proceeds (Press Release)
CyrusOne Sells GDS Shares to Raise Approximately $200 Million of Proceeds (Press Release)

CyrusOne Sells GDS Shares to Raise Approximately $200 Million of Proceeds (Press Release)

April 12, 2019 CyrusOne

DALLAS--(BUSINESS WIRE)--Apr. 12, 2019-- CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced that it has sold approximately 5.7 million American depository shares (“ADSs”) of GDS Holdings Limited (“GDS”) (NASDAQ: GDS) for a total purchase price of approximately $200...

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Read ISI Communications has moved its Core Network into New Continuum's Chicago Facility
ISI Communications has moved its Core Network into New Continuum's Chicago Facility

ISI Communications has moved its Core Network into New Continuum's Chicago Facility

March 26, 2019 SBA Edge: 603 Discovery

New Continuum has persuaded ISI Communications to move its core network node into its facility. This is no easy feat. Certainly the fact that United IX is in the building helped to make the decision easier. The New Continuum Press Release: ISI Communications is leveraging New Continuum’s edge...

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Read Microsoft and EDP Renewables Execute a Wind Energy Agreement in Ohio
Microsoft and EDP Renewables Execute a Wind Energy Agreement in Ohio

Microsoft and EDP Renewables Execute a Wind Energy Agreement in Ohio

March 07, 2019 Hyperscale Data Center

HOUSTON, and REDMOND, Wash. — March 7, 2019 — EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC, and Microsoft Corp. have executed two 15-year power purchase agreements (PPA) totaling 125 megawatts (MW) that will bring the Timber Road IV Wind Farm to...

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Read Element Critical Enters Chicago Market Acquiring Two Data Centers in the Suburbs (PR)
Element Critical Enters Chicago Market Acquiring Two Data Centers in the Suburbs (PR)

Element Critical Enters Chicago Market Acquiring Two Data Centers in the Suburbs (PR)

January 07, 2019 Element Critical CH2

Data Center and Colocation Provider Adds 195,000 Square Feet of Space with Plans to Invest $40 Million to Expand and Enhance Facilities Located in Wood Dale, IL CHICAGO – Element Critical, a leading provider of data center and IT infrastructure services driven by customer-centric, solutions...

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Read South Loop data center sells for $27 million
A partnership between CIM Group, one of the more prominent real estate developers in Chicago, and a New Jersey-based data center operator bought a South Loop data center for $27 million.

Anderso...

South Loop data center sells for $27 million

January 02, 2019 725 S Wells - 1547 Critical Systems

A partnership between CIM Group, one of the more prominent real estate developers in Chicago, and a New Jersey-based data center operator bought a South Loop data center for $27 million. Anderson Pacific Group, a Chicago-based investor that specializes in telecom projects, started developing the...

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Read Iron Mountain Building a $75 Million Facility in Des Plaines, IL
Iron Mountain Building a $75 Million Facility in Des Plaines, IL

Iron Mountain Building a $75 Million Facility in Des Plaines, IL

December 05, 2018 Iron Mountain Chicago

The Daily Herald reports that a $75 million data center will replace the former Des Plaines location of men's suit manufacturer Hart Schaffner Marx, which relocated within the city this year. The city council unanimously recommended a property tax break Monday to lure Iron Mountain Data Centers...

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Read IPI Partners buys Elk Grove Village suburban data center for $119M
IPI Partners buys Elk Grove Village suburban data center for $119M

IPI Partners buys Elk Grove Village suburban data center for $119M

September 04, 2018 STACK Chicago CHI01

IPI Partners bought an Elk Grove Village data center for $118.9 million, signaling continued investor interest in the growing industrial sector. T5 Data Centers sold the 208,000-square-foot, 10-megawatt facility at 1441 Touhy Avenue. It was built by Forsythe Technology, opened in 2015 and sold to...

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Read CyrusOne Completes the Zenium Acquisition
CyrusOne Completes the Zenium Acquisition

CyrusOne Completes the Zenium Acquisition

August 27, 2018 CyrusOne

DALLAS–(BUSINESS WIRE)–Aug. 27, 2018– CyrusOne Inc. (“CyrusOne”) (NASDAQ: CONE), a premier global data center REIT, today announced that it has closed its previously announced acquisition of Zenium Data Centers (“Zenium”), a leading hyperscale data center provider with properties in London and...

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Read Digital Realty Expanding Adjacent to 350 E Cermak
This is a low risk development.  Anchor or not, demand for access to Cermak is high.  Digital Reality will own the conduit fiber between the buildings and should make access to tenants in 350 prett...

Digital Realty Expanding Adjacent to 350 E Cermak

October 20, 2016 Digital Realty: ORD10

This is a low risk development. Anchor or not, demand for access to Cermak is high. Digital Reality will own the conduit fiber between the buildings and should make access to tenants in 350 pretty easy. Digital Realty Trust made a big, highly anticipated announcement this morning. They plan to...

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