Transforming a Chicago Landmark into a Cutting-edge Data Center
The iconic 300,500 square foot Chicago landmark is set to undergo a remarkable transformation into a state-of-the-art 33 MW data center. This ambitious project aims to enhance power capacity and provide low-latency connectivity in downtown Chicago.
The Purchase Announcement
GI Partners, a notable player in private alternatives investment, has partnered with Legacy Investing, a recognized data center developer and operator, to complete the acquisition of 400 S. LaSalle Street, previously home to the Chicago Board Options Exchange. This acquisition reflects a shared vision to elevate the property's potential for future technological advancements.
Strategic Location Benefits
Situated in the Loop's thriving business district, this location boasts exceptional fiber density and is among the very few buildings in downtown that can support over 20 MW of new critical load by early 2027. The spacious 50,000-square-foot floor plates and 35-foot column-free ceilings make the site ideal for the proposed conversion.
Significance of the Acquisition
The acquisition of this building heralds a new era of power, connectivity, and innovation in the heart of the city. By repositioning this landmark with cutting-edge infrastructure, both companies aim to meet the growing demands of the next generation of computing. The site's location is strategically advantageous, offering outstanding network-centric connectivity and low-latency performance.
The Future of Urban Data Centers
This initiative showcases how urban environments can adapt and grow smarter. The transition into a data center not only meets immediate needs but does so in a sustainable manner, indicating a forward-thinking approach to infrastructure development.
About GI Partners
GI Partners, founded in 2001, is a private investment firm with a robust team of over 180 professionals across multiple locations, including major U.S. cities and London. With more than $40 billion raised in capital, the firm focuses its investments across private equity, real estate, and data infrastructure strategies, emphasizing sectors like healthcare, services, and technology.
About Legacy Investing, LLC
Legacy Investing specializes in developing and operating critical infrastructure such as data centers and logistics hubs. Founded by experienced tech executives, the company draws on two decades of expertise in real estate. With a proven track record of over 2 GW of capacity completed, Legacy focuses on delivering modern solutions for the tech industry.
Contact Information
For media inquiries, please contact Chris Tofalli from Chris Tofalli Public Relations at 914-834-4334 or via email at chris@tofallipr.com.
Frequently Asked Questions
What is the purpose of the acquisition by GI Partners and Legacy Investing?
The acquisition aims to transform the landmark building into a state-of-the-art data center to improve power capacity and connectivity.
Where is the acquired building located?
The building is located at 400 S. LaSalle Street in downtown Chicago, previously the home of the Chicago Board Options Exchange.
What are the features of the new data center?
The center will offer 33 MW of capacity, exceptional fiber density, and a strategic location for low-latency connectivity.
When is the new data center expected to be operational?
The facility is projected to deliver over 20 MW of new capacity by early 2027.
Who can I contact for more information?
For further details, contact Chris Tofalli at Chris Tofalli Public Relations, reachable at 914-834-4334 or chris@tofallipr.com.
