CHICAGO—Both the US in general, and the Chicago market inparticular, are poised for a boom in data centers, andREITs have started to sit up and take notice.
Ascent, for example, one of the nation'slargest providers of data center solutions, just sold itsCH2 Data Center Facility in suburban Northlake toCarter Validus Mission Critical REIT, Inc. for$211.7 million. As part of the deal, CVMC REIT will provide newcapital for an expansion of the facility and Ascent will continueto operate it and manage all development, design, construction andengineering.
Chicago's reputation in the high-tech world has strengthened inrecent years and the metro area has become one of the top regionsfor data centers, along with New York, San Francisco, Atlanta,Dallas and Washington DC, according to PatrickDavis, a senior design phase manager withMortenson Construction who specializes in datacenters.
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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.
