January 12, 2011
Newmark Knight Frank and Op2mize, announced today that it has successfully represented RedSeaGroupUSA and ServerFarmRealty,Inc.(SFRI) in their acquisition of 840 South Canal Street in Chicago from The Northern Trust Company for more than $33 million. Located adjacent to Chicago’s Loop, the 443,446 square foot eight-story critical operations and data center facility on 5.23 acres will be redeveloped into a world class multi-tenant data center and trading floorspace with total project costs of more than $200 million dollars. When completed it will become one of the largest data centers in the Midwest.
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