CIM Group, in partnership with fifteenfortyseven Critical Systems Realty (“1547”), has announced the acquisition of a 42,000-square-foot operating datacenter situated on 3.5 acres in Markham, ON which is part of the Greater Toronto Area, the company said.
I.C.E Datacenters (Interconnection & Colocation for the Enterprise) sold the property to the partnership and will leaseback a significant portion of the data center. This acquisition adds to CIM Group´s portfolio of diverse, infrastructure investments that includes renewable energy, urban parking facilities, water supply infrastructure, and waste solutions, and marks 1547´s first international data center location.
Located in the technology capital of Canada, just 20 miles outside of downtown Toronto, the Markham facility at 105 Clegg Road was originally purpose-built as an enterprise supercomputer site, and over the last year was redeveloped into a multi-tenant Tier III datacenter by I.C.E Datacenters.
I.C.E Datacenters and the new owners will jointly market the datacenter, with 1547 focused on the wholesale market and I.C.E Datacenters on retail colocation and connectivity to all major networks, carrier hotels and cloud providers. Additionally, CIM and 1547 have begun marketing the entitled expansion to potential tenants and pursue development with pre-leasing.
Established in 1994, CIM is a vertically integrated owner and operator of real assets for its own account, and on behalf of its partners and co-investors seeking to invest in urban real assets and associated credit strategies, with a principal focus on North America. CIM´s real assets include urban residential, commercial, retail, hospitality, debt, and infrastructure investments. CIM´s broad expertise includes in-house research, acquisition, investment, development, finance, leasing and asset management capabilities. For more information, visit www.cimgroup.com
fifteenfortyseven Critical Systems Realty is a developer and operator of custom-designed datacenters with over 500,000 square feet of datacenter space under development in Orangeburg, NY, Chicago, IL, Cheyenne, WY, San Francisco, CA and Kapolei, HI.
I.C.E Datacenters operates multiple datacenter sites and interconnection hubs in Canada including flagship sites in Montreal and Toronto. For more information, visit www.icedatacenters.com and www.metrooptic.com.