CHICAGO—QTS Realty Trust, one of the nation’s largest data center providers, just completed the $18 million acquisition of the former Sun-Times press facility, a 317,000-square-foot building located on 30 acres at 2800 S. Ashland Ave. The company has had a busy month. Last week, it finished its acquisition of McGraw Hill’s large-scale data center in New Jersey.

The Chicago facility currently has the capacity for about 134,000-square-feet of raised floor and 24 MW of power. QTS intends to redevelop the building and increase its size to about 400,000-gross-square-feet with raised floor capacity of about 215,000-square-feet and 37 MW of power. Company officials say that based on prior investment in the facility, they expect to develop the data center space at below market rates.

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.