The transaction marks the fifth data center property acquisition in 15 months for CIM and 1547 Critical Systems Realty.

Many of the tenants at 100 Ryan Street are on-line, internet-related sales companies.

“Our focus within these zones will be the development of multi-family, industrial and self-storage assets along the I-95 corridor throughout the northeast,” says James Hanson II of The Hampshire Companies

The five-story property on Corinthian Avenue features connectivity and historic character.

The Wolcott Group, Marc Realty, RG Investments, and Elliott Management will transform 449 condo units into South Loop apartments.

The property is surrounded by numerous retail, restaurant, hotel, and entertainment options and is one block from the river.

“What we found is that when you improve the comfort and well-being of the people in a building by designing a more dynamic building, they start to behave differently,” says Carmen Ferrigno, vice president of communications with Saint-Gobain.

The Kiser Group brokered the 250-unit condo deconversion in River North for $38 million.