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EXCLUSIVE — Harrison Street and fifteenfortyseven acquire four data center facilities in U.S.
Transactions - NOVEMBER 2, 2021

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EXCLUSIVE — Harrison Street and fifteenfortyseven acquire four data center facilities in U.S.

by Kali Persall

A joint venture consisting of Harrison Street Real Estate Capital and fifteenfortyseven Critical Systems Realty (1547), an owner, developer and operator of data centers, has acquired a portfolio of four facilities in Illinois, New York state and Wyoming from CIM Group.

The data center portfolio consists of more than 560,000 square feet of well-located data center space, offering good fiber connectivity in major U.S. data center markets and significant value creation opportunities through expansion potential.

The portfolio includes a 60,000-square-foot, 5-megawatt data center in Chicago’s business district; a 230,000-square-foot, 26-megawatt Midway Technology Centre campus in metro Chicago; a 232,000-square-foot, 24-megawatt data center located 18 miles from Manhattan in Orangeburg, N.Y.; and a 38,000-square-foot, 5-megawatt single-tenant data center in Cheyenne, Wyo.

1547 previously served as CIM’s joint venture partner in the portfolio.

“This trans

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