BYTEGRID Holdings LLC, a company focusing on the operation of multi-tenant data centers, has announced the acquisition of a 70,000 square foot, Tier III data center on 5.25 acres of land in Aurora, Illinois, approximately 30 miles west of downtown Chicago.
Under a sale and partial leaseback agreement, BYTEGRID acquired the facility from Continental Casualty Company, an affiliate of CNA Financial Corporation (CNA), the country’s eighth largest commercial insurance writer headquartered in Chicago.
The facility features 34,000 square feet of raised floor and is generally regarded as one of the premier enterprise data centers in the Chicago market. CNA will continue to occupy approximately 30% of the facility and remains the primary tenant under a newly created long-term lease agreement. CNA built the data center facility in 2007 to meet the emphasis that CNA placed on business resilience and the need for increased capacity and scale over time, as well as the stringent financial services industry regulatory and compliance requirements.
Data centers Chicago, Washington, Atlanta
BYTEGRID will immediately convert the facility into a multi-tenant data center and begin leasing approximately 25,000 square feet of enterprise-class, Tier III data center space featuring 6 megawatts of power capacity available to serve enterprise, government and hosting services providers seeking premier multi-tenant data center space in suburban Chicago.
With this acquisition, BYTEGRID now operates five data centers in four geographically diverse markets encompassing more than 705,000 square feet of multi-tenant data center space meeting the highest standards for security and reliability.
BYTEGRID is a privately-held company headquartered in Northern Virginia. The company currently owns and operates data centers in the Washington, D.C., Atlanta, GA, Cleveland, OH, and now Chicago markets with plans to acquire additional facilities in 2014.