Stream Data Centers has acquired a new 208,000 square foot industrial property set for redevelopment in Chicagoland's Elk Grove Village, Illinois. The new Chicago II data center will provide 4 MW of turnkey-ready capacity initially, with an ultimate total capacity of 130,000 SF and 32 MW. Construction is set to begin in February 2021, with early occupancy available for tenants in the third quarter of next year.
The new property is in close proximity to Stream Data Centers' recently completed Chicago I facility. Elk Grove Village is one of the country's main peering and interconnection markets and benefits from excellent infrastructure, outstanding access to all major cloud providers, robust network connectivity and affordable renewable power options. Stream's newest Chicago-area data center also capitalizes on tax exemptions applied to data center construction and equipment by Illinois lawmakers in 2019. The state implemented the sales tax incentives to attract new IT and construction jobs while growing the digital economy in Illinois.
Chicago II Pricing/Quotes
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