Server Farm Realty Completes Purchase of 840 S. Canal St. in Chicago

Strategic Insights -

Server Farm Realty, Inc. (SFRI) has acquired the eight-story, 443,446 SF building located in downtown Chicago at 840 S. Canal St. The property was previously used for General Electric manufacturing and later repurposed as a check-processing and backup operations site for two prominent financial institutions. SFRI plans to transform the site into a state-of-the-art data center and trading floor space, leveraging its strategic location near low-latency fiber connections. The facility will cater to the critical needs of Chicago's major corporations, including 60 Fortune 1000 companies and 28 Fortune 500 companies.

Key Takeaways:

  • The 443,446 SF building at 840 S. Canal St. in Chicago has been purchased by Server Farm Realty, Inc. (SFRI) as part of its year-end transaction.
  • The eight-story building was originally built to support General Electric manufacturing and later repurposed for check-processing and backup operations for two financial institutions.
  • SFRI plans to realign the site's 38 MW of power and 250 lbs/SF of floor loading to support a state-of-the-art data center and trading floor space.
  • The facility will cater to the needs of 60 Fortune 1000 companies, 28 Fortune 500 companies, and 400 other major corporations in Chicago.
  • The data center will feature 3.6 MW of critical load on each of its five data center floors with an N+1 concurrently maintainable electrical infrastructure powered by 20 2.5-MW generators.
  • The building also features 80,000 SF of trading space with redundant power of up to 30 W/SF and amenities for a top-line trading operation.
  • Server Farm Realty, Inc. offers flexible lease options from shell to server-ready leases and custom solutions on an as-needed basis.
  • CB Richard Ellis' Chad Freese and Aaron Kulick have been appointed as the exclusive marketing agents for the site.

Statistics:

  • 443,446 SF: The size of the building purchased by SFRI at 840 S. Canal St.
  • 38 MW: The total power available at the site
  • 250 lbs/SF: The floor loading capacity of the building
  • 20 2.5-MW generators: The number and power capacity of generators housing the data center's power infrastructure
  • 3.6 MW: The critical load capacity of each of the five data center floors
  • 80,000 SF: The size of the trading space available in the building
  • 60: The number of Fortune 1000 companies in Chicago that will utilize the facility
  • 28: The number of Fortune 500 companies in Chicago that will utilize the facility
  • 400: The number of other major corporations in Chicago that will utilize the facility

Sources:

  • Marketing Weekly News editors from staff and other reports.