{"id":1004141163,"date":"2016-04-06T00:08:07","date_gmt":"2016-04-06T08:08:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141163"},"modified":"2020-04-21T00:29:06","modified_gmt":"2020-04-21T08:29:06","slug":"cyrusone-grabs-major-data-center-in-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cyrusone-grabs-major-data-center-in-chicago\/","title":{"rendered":"CyrusOne Grabs Major Data Center in Chicago"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<div id=\"attachment_1004141164\" style=\"width: 260px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Gary-Wojtaszek-CyrusOne.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004141164\" data-attachment-id=\"1004141164\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cyrusone-grabs-major-data-center-in-chicago\/gary-wojtaszek-cyrusone\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Gary-Wojtaszek-CyrusOne.jpg\" data-orig-size=\"662,794\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;Sylvester Garza&quot;,&quot;camera&quot;:&quot;Canon EOS 7D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1328702839&quot;,&quot;copyright&quot;:&quot;Sylvester Garza&quot;,&quot;focal_length&quot;:&quot;124&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.016666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Gary Wojtaszek, CyrusOne\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Gary-Wojtaszek-CyrusOne.jpg?w=662\" class=\"wp-image-1004141164 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Gary-Wojtaszek-CyrusOne.jpg\" alt=\"Gary Wojtaszek, CyrusOne\" width=\"250\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Gary-Wojtaszek-CyrusOne.jpg 662w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Gary-Wojtaszek-CyrusOne.jpg?resize=250,300 250w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><p id=\"caption-attachment-1004141164\" class=\"wp-caption-text\">Gary Wojtaszek, CyrusOne<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014<a href=\"https:\/\/www.cyrusone.com\/\" target=\"_blank\" rel=\"nofollow\">CyrusOne Inc.<\/a>\u00a0has bolstered its presence in one of the leading data center hubs in the country with the acquisition of a 428,000-square-foot property in Aurora, Ill., just outside Chicago. The global data center solutions provider acquired 2905 Diehl Road for $130 million, taking it off the hands of <a href=\"https:\/\/www.cmegroup.com\/\" target=\"_blank\" rel=\"nofollow\">CME Group<\/a> in a sale-leaseback transaction.<\/p>\n<p>CyrusOne will have a long-term relationship with CME, which has entered into a 15-year lease agreement for space at 2905 Diehl. \u201cWith this facility, and with CME Group as our tenant, we are excited to have the opportunity to expand the global risk management campus in Chicago\u2014the preeminent financial services co-location hub in the industry\u2014which will be a cornerstone of our unique and rapidly growing data center platform,&#8221; Gary Wojtaszek, president &amp; CEO of\u00a0CyrusOne, said in a prepared statement.<\/p>\n<p>The data center REIT may very well be closing other lease transactions in Aurora in the near future, as it is acquiring 36,000 leasable collocation square feet and a 15-acre parcel of land adjacent to the data center.<\/p>\n<p>Filling up the additional space shouldn\u2019t be too much of a challenge for CyrusOne; Metropolitan Chicago recorded positive net absorption totaling 32.5 megawatts of wholesale inventory in 2015, according to a report by commercial real estate services firm <a href=\"https:\/\/www.us.jll.com\/united-states\/en-us\" target=\"_blank\" rel=\"nofollow\">JLL<\/a>. The numbers will continue on an upswing in 2016, with JLL forecasting an increase in absorption to 35.5 MWs.<\/p>\n<p>And should CyrusOne decide to build a data center on the land across from 2905 Diehl, the facility would be unlikely to collect cobwebs, as Chicago ranks 11th on the list of the top global financial markets, and it\u2019s even higher up on the list in the U.S., holding the fourth spot, according to commercial think tank <a href=\"https:\/\/www.zyen.com\/\" target=\"_blank\" rel=\"nofollow\">Z\/Yen Group<\/a>\u2019s latest Global Financial Centres Index.<\/p>\n<p>It\u2019s very much about finance in the Chicago data center market. Per the JLL report, \u201cFinancial firms are dependent on transactions that occur within nanoseconds\u2014latency of even a few milliseconds as data travels to a far-away server can mean a major loss in revenue. Because of this need, markets like Northern New Jersey, Northern Virginia, Toronto and Greater Chicago will maintain their status as elite data center locations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global data center solutions provider paid $130 million to acquire a 428,000-square-foot data center from CME Group. <\/p>\n","protected":false},"author":969,"featured_media":1004141164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21755,21743,21808,21783,13,21742,21787],"tags":[],"class_list":["post-1004141163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-data-centers","category-deals","category-featured","category-investment","category-midwest","category-latest","category-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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