Amerimar Enterprises Acquires 717 South Wells Carrier Data Center in Downtown Chicago

Amerimar Enterprises has announced the acquisition of 717 South Wells Street, a 100,000-sq-ft, fiber-rich building located in Chicago. Amerimar Enterprises is once again partnering with telecom industry veteran Hunter Newby to own and operate the property.

717 South Wells (originally constructed in 1923) was strategically redeveloped from a manufacturing facility to a telecom carrier hotel by the prior owner in the late 1990s. “With over a dozen networks, 717 South Wells has a solid foundation of carrier customers,” states Joshua Maes, vice president of Amerimar, “and we look forward to growing the network roster at the property.” Amerimar intends to undertake immediate redevelopment work at the property, including construction of a new “Meet Me Room” to draw additional network operators to the building. The first phase of Amerimar’s owner-operated, carrier-neutral “Meet Me Room” is scheduled to open in early 2015, affording new and existing customers the opportunity to interconnect with one another reliably and cost effectively.

The 10-story, 100,000-sq-ft property is one of the most fiber-dense, network-neutral facilities in Chicago. The building serves as a major hub for data and Internet traffic and provides reliable network interconnection infrastructure for carriers, service providers, and enterprise customers. The building’s location is of particular interest to telecom businesses, as it is a gateway to the local fiber backbone in Chicago as well as a primary access point for long-haul fiber in the region. The building also provides highly reliable data center operations with its robust floor loads, power and HVAC infrastructure.

“717 South Wells Street is an excellent addition to our growing carrier hotel platform,” adds Newby. “Chicago is not only a major junction point for the north-south and east-west domestic fiber routes in the Midwest, but it is also a nexus for multiple international networks, making it a global gateway and therefore strategic for us and our customers.”

Ropes & Gray LLP, with a team led by partner Walter R. McCabe III, represented the buyer on the acquisition. Five 9’s Digital and Romans Properties brokered the transaction.

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About Five 9s Digital, LLC

Five 9s Digital is a data center real estate company offering data center development, investment sales, real estate advisory, and colocation and wholesale data center selection and procurement services. Five 9s Digital has been involved in the development and ownership of multiple mission critical facilities from single user build-to-suit facilities to multi-tenant data centers. Five 9s Digital brings a wealth of experience, background and expertise in providing solutions to the data center arena. Due to the specific and yet evolving requirements of mission critical end users in today’s world, Five 9s Digital is able to offer real solutions, real facilities, and real choices due its extensive and up-to-date knowledge base. Five 9s Digital is a Best Data Sites Certification Alliance™ member.
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