T5 EXPANDS CHICAGO FOOTPRINT
T5 Data Centers has announced the expansion of its Chicago footprint with the acquisition of a data center located near its existing facilities in the Elk Grove Technology Park in Illinois.
The newly acquired 164,000 square foot facility will provide up to 103,000 square foot of white space and 15.4 megawatts of critical power capacity for T5 enterprise and hyperscale cloud customers.
“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, said Pete Marin, CEO of T5 Data Centers.
Elk Grove Technology Park, formerly known as Busse Farm, was acquired in early 2018 as part of a $1 billion development project led by Brennan Investment Group. The Park is sited close to Chicago’s O’Hare international airport with T5 new facility located right in the center of a national fiber optic system.
Tech-based tenants of the Park also enjoy tax exemptions on data center construction projects. This is credited to a $45 billion capital bill that was recently passed by the Illinois state government. It also provides exemption on sales tax for electrical equipment including servers, cooling racks and plumbing supplies.
T5 has a ten year record of developing hyperscale data centers. In 2019, some of its facilities were combined with that of another provider Infomart to establish a new colocation firm Stack Infrastructure. Stack was formed in January last year by Investment fund IPI Partners, a major T5 investor and have made significant expansions.
Few months after the creation of Stack, T5 Data Centers boosted its footprints through the establishment of a joint commitment worth $2.5 billion in investment with QuadReal Property Group, for a platform to develop, acquire and operate data centers.