ELK GROVE VILLAGE, IL-DataCentersNow LLC, a division of Rockville, MD-based BECO Management Inc., has purchased a 110,000-sf office/warehouse facility at 2355 Wood Dale Rd., Elk Grove Village, a suburb northwest of Chicago in close proximity to O’Hare International Airport. The parent company of the buyer is one of the largest privately held commercial real estate acquisition, development and management companies in the Washington, DC/Baltimore area.

DataCentersNow specializes in speculative, state-of-the-art “CyberFortresses” designed with the special requirements needed by telecommunications and Internet-related tenants. Its current portfolio includes about 500,000 sf in the Washington, DC market. This acquisition represents the firm’s entry into the Chicago market. According to Chris Epstein, president of DataCentersNow, “Chicago is the only major market in the country without hosting facilities at the airport.” Therefore, the firm feels the O’Hare market is ripe for this type of development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.