Fifteenfortyseven Critical Systems Realty Acquires 340 Progress Circle In Cheyenne, Wyoming
Fifteenfortyseven Critical Systems Realty Maintains Ownership Interest Alongside CIM
CHEYENNE, WY – April 10, 2018 – CIM Group and fifteenfortyseven Critical Systems Realty (“1547”) today announced the acquisition of 340 Progress Circle in Cheyenne, Wyoming, a build-to-suit single-tenant data center constructed for Green House Data in 2015. The 42,000-square-foot data center currently provides 2 MW of critical IT load capacity that is being expanded to 3 MW over the next four months to satisfy the growing demand for disaster recovery, cloud, colocation and related managed IT services. 1547 was the managing partner of the ownership company that developed and sold 340 Progress Circle, and joins CIM as a partner in the new ownership.
Cheyenne is an attractive data center location with its high-bandwidth fiber network, tax incentives, low-cost power, and low incidences of natural disasters. The property has access to four diverse fiber paths on a 100 Gbps network offering high-speed connectivity to Denver, and is located approximately 100 miles north of the city. The greater Cheyenne area is home to multiple high-profile data centers, including Microsoft, the National Weather Service’s computing center, and Echostar/Dish’s network and data hub.
“The data center in Cheyenne combines high-quality infrastructure with low-cost power and high-capacity fiber, and continues the partnership’s goal of acquiring and developing premier data center assets in or adjacent to population centers to serve the growing data needs of businesses,” stated J. Todd Raymond, CEO of 1547.
The acquisition adds to CIM Group’s growing portfolio of diverse, infrastructure investments that includes renewable energy, urban parking facilities, water supply infrastructure, and waste solutions.
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About fifteenfortyseven Critical Systems Realty, LLC
fifteenfortyseven Critical Systems Realty (“1547”) is a leading developer, operator, and owner of highly interconnected, custom-designed data centers with over 1.1 million square feet of data center space under management throughout North America and Europe. 1547 selects sites, designs facilities, and manages developments to optimize returns for all stakeholders across new and interconnected properties. With interconnection in the company’s DNA, 1547’s connectivity-focused portfolio of data centers includes carrier hotels and core connectivity hubs designed to deliver customized, mission-critical solutions from concept to connection. For more information, please visit www.1547realty.com.
About CIM Group
CIM is a community-focused real estate and infrastructure owner, operator and lender. Since 1994,
CIM has led more than $60 billion of projects in communities across the Americas on behalf of its own
account and for its partners and co-investors. CIM’s broad in-house expertise includes decades of
research, acquisition, credit analysis, development, finance, leasing and property management
experience in urban real assets, net-lease assets and other associated credit strategies. Using its
disciplined approach and extensive in-house expertise, CIM seeks to create value in projects, which
ultimately enhances communities. For more information, visit www.cimgroup.com.
Media Contacts:
For CIM Group
Karen Diehl
Diehl Communications
(310) 741-9097
For 1547 Datacenters
iMiller Public Relations
(866) 307-2510