T5 Data Centers has signed pre-leases with two enterprise customers at its T5@Chicago data center in Elk Grove Village in Suburban Chicago, the company said this week.
ICONIQ Capital, the wealth manager to Silicon Valley billionaires, has taken equity positions in two T5 Data Centers projects. It’s an example of broadening investor interest in the data center sector.
The Suburban Chicago data center market is seeing an influx of new providers and supply, which positions the region for growth in the accelerating cloud computing arms race.
T5 Data Centers has acquired a large facility in Elk Grove Village from Forsythe Data Centers, which will continue in place as the anchor tenant.