Transforming a Chicago Landmark into a Modern Data Center
The historic 300,500 square foot building located at 400 S. LaSalle Street, once the home of the Chicago Board Options Exchange, is set to undergo an exciting transformation. Through an acquisition announced recently, GI Partners and Legacy Investing, LLC have acquired this prominent property with the intention of converting it into a state-of-the-art data center capable of delivering 33 megawatts (MW) of power.
This redevelopment is not just about creating a new facility but is an integral part of the evolution of Chicago's Loop—a central business district renowned for its connectivity and digital infrastructure. The new data center is anticipated to bring significant power capacity and low-latency connectivity to the area, enhancing the region’s appeal as a leading space for technology and data services.
Unmatched Connectivity and Capacity
Located in the heart of Chicago, the property offers exceptional fiber density and stands out as one of the few buildings downtown equipped to provide over 20 MW of critical load ready for service by early 2027. The expansive 50,000-square-foot floor plates and column-free ceiling heights of 35 feet provide an optimal environment for the complexities of data center operations, making it an ideal choice for this conversion.
The building's structural capabilities combined with its strategic location ensure that it will be equipped for robust performance in one of the most connected data center markets in the country. With an innovative approach to data management and technology concentration, this project will undoubtedly contribute to the future of computing in the region.
A Vision for Sustainable Evolution
The vision behind this acquisition and subsequent development is rooted in a commitment to providing innovative solutions for modern data needs. By repurposing a landmark building, GI Partners and Legacy Investing reflect a progressive attitude towards sustainable urban development. The redesign aims to serve the next generation of computing with enhanced connectivity and focused resources in Chicago’s central locale.
About GI Partners
Founded in 2001, GI Partners is a premier private investment firm, boasting over 180 employees and global offices including locations in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. With more than $40 billion raised in capital, GI Partners invests on behalf of prestigious institutional investors through various strategies encompassing private equity, real estate, and data infrastructure. Their approach is comprehensive, utilizing resources across healthcare, services, and technology sectors to drive growth and innovation.
About Legacy Investing
Legacy Investing specializes in developing, owning, and operating cutting-edge infrastructure, including but not limited to data centers, logistics hubs, and life sciences facilities. Headquartered in Northern Virginia with over two decades of experience, this firm has established itself as a leader in mission-critical real estate, having successfully completed over 2 gigawatts (GW) of capacity across multiple sites. Their expertise ensures high-functioning environments in various technological landscapes.
Frequently Asked Questions
What is the significance of the building's location in Chicago?
The building's central location in Chicago's Loop offers unmatched connectivity, vital for modern data operations, and is an ideal site for a data center.
What will happen to the historic aspects of the building?
The redevelopment will honor the building’s historical significance while integrating modern technology to make it a functional data center.
How will this project impact the local economy?
This project is expected to create jobs and enhance the technological infrastructure in Chicago, positively impacting economic growth.
What features will the new data center have?
The new data center will include advanced systems capable of delivering high levels of power and low-latency connectivity, adapting to the needs of modern computing.
Who are the key players behind this transformation?
GI Partners and Legacy Investing are the primary firms leading this transformation, utilizing their extensive experience in infrastructure development and investment.
