CHICAGO—California-based Server Farm Realty, Inc. has just bought the Oak Brook Technology Center from an undisclosed seller. The sale was brokered by Transwestern's Chicago office. The 194,178-square-foot, two-building office complex is located at 800 and 810 Jorie Blvd. in suburban Oak Brook, and was purchased for $16,250,000. The property was 66% leased at the time of sale.
“Oak Brook Technology Center drew very strong interest from data center investors,” says Gary Nussbaum, managing director of Transwestern. “The property offers access to an enormous quantity of fiber, communications providers and electrical service which meet the demands of a first class data center facility.”
Server Farm has been one of the most active data center developers in the Chicago area, and partly due to its dense fiber optic network, the region has rapidly become one of the key links for the Internet. The company recently completed a 450,000-square-foot data center at 840 S. Canal St. in Chicago.
Oak Brook has “all the attractions of being in the suburbs in terms of cost,” according to Robert Sevim, the executive managing director of Studley's Chicago office. “You're not far from Chicago, you're not far from the airports,” he added, and a highly-educated workforce is just at hand.
Transwestern says the property is ideal for users of data centers, communications switches, network sites, co-location facilities, call centers, disaster recovery and NOC facilities. Current tenants include XO Communication, NaviSite, Zayo and U.S. Signal.
The seller was exclusively represented by Transwestern's Nussbaum and Thomas Gorman, managing director, and David Matheis, senior associate. Server Farm represented itself in the transaction.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
