Data center developers continue to deploy more capacity, as the digital economy races to keep pace with demand for more capacity due to pandemic-driven societal shifts. Here’s a roundup of this week’s development and finance news.
T5 Data Centers
T5 Data centers offers colocation, wholesale, and built-to-suit data center solutions. They offer locations in major markets across the country along with centers in international markets like Singapore and Ireland. According to their site, T5 Data Centers are “built to the highest standards and operated with transparency and a focus on uptime, safety, and predictability.”
Headquarters: Atlanta, GA
T5 Data Centers is expanding its operations in the Greater Chicago market with the purchase of a 164,000-square-foot data center shell in the Elk Grove Technology Park.
T5 Data Centers plans to triple the size of its staff to expand its construction services and facilities management operations. T5’s focus on services comes as staffing is becoming a challenge at all levels of the data center supply chain.
T5 Data Centers today unveiled plans to build or buy up to $2.5 billion in data center real estate, with backing from new capital partner QuadReal Property Group, a Canadian real estate investment company.
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.