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Harrison Street, 1547 acquired four data centres comprising 560k sqft

To date, Harrison Street has invested approximately $1.8 billion in digital assets including powered shells, carrier hotels, strategic locations, and dark fibre.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

November 03, 2021 | 12:53 AM GMT

Digital infrastructure operator fifteenfortyseven Critical Systems Realty, LLC (1547) and investment management firm Harrison Street have jointly acquired four data centres in Chicago, Illinois, Orangeburg, New York and Cheyenne, Wyoming.

The portfolio is comprised of more than 560,000 square feet of turn-key data centre, support, and tech-enabled office space.

The Orangeburg colocation facility is purpose-built and located 18 miles from New York City.

In Chicago, 725 Wells Street is a data centre in the South Loop, while the historic Midway Technology Center provides expansion potential strategically located in close proximity to dense long haul fibre.

The Cheyenne Data Center is fully leased to a national virtual infrastructure and IT services firm.  1547 will manage the assets.

J. Todd Raymond, CEO and Managing Director of 1547, said: “We are excited to expand our partnership with Harrison Street with these four assets and to continue to have the opportunity to manage and develop them through their next stage of growth. 

“With this ownership transition and a shared vision, we are poised to kick off an aggressive build-out plan and anticipate having new capacity online in New York and Chicago in early 2022.”

Michael Hochanadel, Managing Director and Head of Digital Real Estate at Harrison Street, added: “This transaction is consistent with Harrison Street’s digital strategy of acquiring high quality, mission-critical assets in attractive markets with high barriers to entry. 

“We are thrilled to expand our portfolio with 1547, a leading data centre operator, which now encompasses six premier assets in five U.S. markets.

“Chicago and New York are strategic markets with strong demand from cloud, content, healthcare, and financial services given the proximity to dense population centres.  For users seeking deployments in these markets, these assets provide strategic connectivity options based on their dense fiber networks.  Cheyenne, Wyoming is a growing data centre market that benefits from low power costs and strong economic incentives.”

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João Marques Lima

Founder and Editor, The Tech Capital

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