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CIM Group Acquires Datacenter in Toronto Area's Markham

TORONTO & MARKHAM--(BUSINESS WIRE)--CIM Group, in partnership with fifteenfortyseven Critical Systems Realty, today announced the acquisition of a 42,000-square-foot operating datacenter situated on 3.5 acres in Markham, ON which is part of the Greater Toronto Area. I.C.E Datacentres sold the property to the partnership and will leaseback a significant portion of the data center.

TORONTO & MARKHAM–(BUSINESS WIRE)–CIM Group, in partnership with fifteenfortyseven Critical Systems Realty (“1547”), today announced the acquisition of a 42,000-square-foot operating datacenter situated on 3.5 acres in Markham, ON which is part of the Greater Toronto Area. I.C.E Datacentres (Interconnection & Colocation for the Enterprise) sold the property to the partnership and will leaseback a significant portion of the data center. This acquisition adds to CIM Group’s portfolio of diverse, infrastructure investments that includes renewable energy, urban parking facilities, water supply infrastructure, and waste solutions, and marks 1547’s first international data center location.

Located in the technology capital of Canada, just 20 miles outside of downtown Toronto, the Markham facility at 105 Clegg Road was originally purpose-built as an enterprise supercomputer site, and over the last year was redeveloped into a multi-tenant Tier III datacenter by I.C.E Datacentres.

Full Article: www.businesswire.com