Los Angeles – October 19, 2016—CBRE Group, Inc. announced today that its Data Center Solutions Practice has commenced pre-leasing for a new data center at 330 East Cermak Road in Chicago, to be developed by Digital Realty (NYSE:DLR, news, filings) on a site adjacent to one of the largest interconnection hubs in the world.
Upon completion, which is expected to be within two years of breaking ground, the 330 East Cermak data center will provide up to 660,000 square feet and 54 megawatts of utility load. The timing for commencement of development, as well as the final size, power density and redundancy configuration, will be subject to market demand.
The site of the new project is adjacent to Lakeside Technology Center, Digital Realty’s existing 1.1 million-square-foot data center at 350 East Cermak, the premier interconnection, colocation and telecommunications hub in the Midwest and the nucleus of Chicago’s commodity markets and financial firms.
“Data center demand is surging, driven by the rapid growth of cloud adoption and corporate IT outsourcing,” said Todd Bateman, North American Agency Practice Leader for CBRE’s Data Center Solutions Group. “Demand is outpacing supply, both at the national level and within the Chicago area in particular. The state-of-the-art proposed design at 330 East Cermak, along with the proximity to Lakeside Technology Center at 350 East Cermak, would address market demand and provide prospective customers with the expansion capacity and network density to meet their colocation and interconnection needs.”
Digital Realty has commenced design and engineering for the planned 12-story annex, which would provide up to 54 MW of utility power from Commonwealth Edison. The facility will also provide zero-latency connection to the meet-me-rooms at 350 East Cermak.
“We are delighted to be partnering with CBRE to build upon the success of our connected campus strategy in Chicago,” said A. William Stein, Digital Realty’s Chief Executive Officer. “With the expansion of our Cermak flagship, Digital Realty will be even better positioned to future-proof our customers’ growth, while simultaneously satisfying their most performance-sensitive requirements.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,000 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty’s clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products. https://www.digitalrealty.com/
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