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Harrison Street, 1547 Acquire Four Data Centers from CIM
Data center owner/operator fifteenfortyseven Critical Systems Realty, LLC and Harrison Street have acquired four strategically located data centers, including two in Chicago and one each in Orangeburg, NY and Cheyenne, WY. Financial terms of the acquisitions from CIM Group weren’t disclosed.
The portfolio is comprised of more than 560,000 square feet of turnkey datacenter, support and tech-enabled office space that benefits from strong fiber connectivity and significant value creation opportunities through expansion potential, the two companies said. It follows two previous deals between Chicago-based Harrison Street and Matawan, NJ-based 1547, which will manage the assets.
“This transaction is consistent with Harrison Street’s digital strategy of acquiring high quality, mission critical assets in attractive markets with high barriers to entry,” said Michael Hochanadel, head of digital real estate at Harrison Street. “For users seeking deployments in these markets, these assets provide strategic connectivity options based on their dense fiber networks.”
Pictured; Midway Technology Center in Chicago, part of the portfolio Harrison Street and 1547 acquired.
- ◦Sale/Acquisition
