GI Partners and Legacy Investing's Strategic Acquisition
GI Partners, a prominent private alternatives investment firm, has announced its recent acquisition of the former Chicago Board Options Exchange headquarters in a collaboration with Legacy Investing, LLC. This strategic move aims to transform the iconic structure into a state-of-the-art data center capable of delivering exceptional power capacity and connectivity.
Transforming an Iconic Landmark
The landmark, which spans over 300,500 square feet, will be converted into a 33 megawatt (MW) facility that brings advanced infrastructure to the heart of the city. This location is designed to meet the growing demands for high-performance data processing and low-latency connectivity, making it a pivotal addition to the market.
Significance of the Location
Situated at 400 S. LaSalle Street, the building is strategically located within the downtown core, offering remarkable fiber density. Its ability to support over 20 MW of critical load makes it one of the prime properties in the region, accommodating the increasing requirements of modern digital infrastructure.
Repositioning for Future Needs
The acquisition is not just about infrastructure; it signifies a long-term vision for enhancing the city’s digital capabilities. By transitioning this historic location into a cutting-edge data center, GI Partners and Legacy Investing are set to deliver innovative solutions that will support the next generation of computing, efficiently and sustainably.
About GI Partners
Founded in 2001, GI Partners has established itself as a leader in private investments, focusing primarily on data infrastructure. With a team of over 180 employees and a strong presence in major cities, the firm has raised more than $49 billion in capital. Its investment strategies span across private equity and real estate, with a keen emphasis on technology and life sciences properties.
About Legacy Investing
Legacy Investing specializes in developing critical infrastructure, including data centers and other facilities necessary for modern life sciences and logistics. The firm leverages its extensive experience in the industry to ensure high-quality execution in their projects, with more than two decades of operational history.
Looking Ahead
The collaboration between GI Partners and Legacy Investing represents a forward-thinking approach to urban development, addressing the pressing needs of data infrastructure while respecting the historical significance of existing buildings. With plans to complete this transformation, the project is expected to create a significant impact on the local economy and technological landscape.
Frequently Asked Questions
What is the purpose of GI Partners' recent acquisition?
The acquisition aims to convert a historic building into a modern data center, enhancing the area’s digital infrastructure.
What are the specifications of the new data center?
The facility will have a capacity of 33 megawatts and is set to offer low-latency connectivity.
Why is the location significant for a data center?
Its downtown location provides essential fiber density and the ability to cater to critical load demands, making it suitable for high-performance operations.
What are the backgrounds of GI Partners and Legacy Investing?
GI Partners is a leading private investment firm with expertise in data infrastructure, while Legacy Investing focuses on developing critical modern infrastructure.
How does this acquisition fit into urban development trends?
The project exemplifies a trend of repurposing historical buildings for modern needs, integrating technology within urban frameworks sustainably.
