CHICAGO—Digital Realty is set to launch a new data center adjacent to its mammoth Lakeside Technology Center, a 1.1 million square foot data center at 350 E. Cermak Rd. This location will make the new project a key component in the nation's tech infrastructure, but before breaking ground, the company wants to test the waters.
“It's ready to start construction today,” Todd Bateman, North American agency practice leader for CBRE Group Inc.'s data center solutions group, tells GlobeSt.com. CBRE has started pre-leasing for the center, which will provide up to 660,000 square feet and 54 megawatts of utility load. “But technology moves rapidly; major users especially can quickly evolve, and before we build a building of this size and importance, we want to make sure it is harmonized with their needs.”
Discussions with potential users could impact many elements, including the amount of power per square foot available in the building, or the level of resilience provided to tenants, Bateman says.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.