BYTEGRID Holdings LLC Acquires 70,000 SF Data Center in Aurora
By Gabriel Circiog, Associate Editor
Located on 5.25 acres of land about 30 miles west of downtown Chicago, the data center was acquired from Continental Casualty Company, an affiliate of Chicago-based commercial insurance writer CNA Financial Corporation. CNA will continue to occupy approximately 30 percent of the facility and will remain the primary tenant under a newly created long-term lease agreement.
Built in 2007 by CNA, the facility features 34,000 square feet of raised floor and BYTEGRID announced that it plans to immediately convert it into a multi-tenant data center. The data center company intends to begin leasing approximately 25,000 square feet of enterprise-class, Tier III data center space featuring 6 megawatts of power capacity available to serve enterprise, government and service providers that are looking for premier multi-tenant data center space in suburban Chicago.
“We are extremely pleased that CNA selected us to not only be their partner, but also to participate in helping them solve some of their key business challenges,” says Kenneth Parent, BYTEGRID’s CEO. “Our blueprint for converting single tenant data centers to multi-tenant data centers is proven as a complimentary strategy for large organizations seeking to optimize IT performance and operating costs in a way that is completely transparent.”
Talking about the local market Parent added: “The Chicago market continues to show strong demand and represents a natural next step in our national expansion strategy. The Aurora facility is world-class and well suited for large organizations with the demanding requirements for security and reliability. We are committed to the market and will continue to evaluate additional expansion opportunities here.”
Following this acquisition, BYTEGRID now operates five data centers in four geographically diverse markets totaling over 705,000 square feet of superior multi-tenant data center space.
Photo Courtesy of: www.bytegrid.comTags: Acquisitions/Dispositions, BYTEGRID Holdings LLC, Chicago Lead Story, CNA Financial Corporation, Commercial, Continental Casualty Company, Data Center, economy, Investors, leasing, Local, Managers, National, operations, Owners, Professional, property management, Property Type, Regional, Tech, Technology