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July 2010

Data center firm buys Northlake site

A venture of data center developer Ascent Corp. paid $11.5 million for a 20-acre industrial site in Northlake, property records show, where the St. Louis firm plans a new, multi-tenant data center. The property is east of the massive Microsoft Corp. data center that Ascent recently helped develop. The seller of Ascent’s new site, at 505 N. Railroad Ave., was CenterPoint Properties. Ascent announced plans for the project in spring 2009 and had hoped to break ground last fall. But the firm recently secured the necessary funding to close on the purchase, according to NAI Hiffman, which represented Oak Brook-based CenterPoint. Calls to Ascent late Thursday weren’t returned. Related story: New data center planned for suburbs
Source: ChicagoBusiness.com

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