CRE MARKETPLACE (pg.11): CONSTRUCTION COMPANIES/GENERAL CONTRACTORS FINANCE & INVESTMENT FIRMS VOL.33 NO.1
THE LEADING NEWS SOURCE FOR INDUSTRIAL REAL ESTATE PROFESSIONALS & USERS
JANUARY 2023
“Data is the new gold”: Metro Edge to build $257 million data center in the IMD, one of the year’s biggest projects
By Mia Goulart, Senior Staff Writer
L
ife without a smart phone is hard to imagine for many of us. Every answer at our fingertips—any person a few digits away. Technology is intertwined with nearly every aspect of our lives, and yet, few think about the infrastructure that supports it. Enter, data centers. That is, large groups of networked computer servers used by organizations for the remote storage, processing or distribution of large amounts of information. Chicago Industrial Properties recently spoke with Craig Huffman, Co-Founder &
CEO of Metro Edge Development Partners to find out more about what will be one of the biggest projects of its kind: Metro Edge’s $257 million, 200,000-squarefoot, five-story facility to be built in West Side Chicago. The project has been a few years in the making. Metro Edge started the process of securing the site in the Illinois Medical District (IMD) a few months after the onset of COVID-19, and from there began working on securing the rights to build. Recently Metro Edge fiDATA CENTER (continued on page 8)
PRSRT STD U.S. Postage
PAID
CHICAGO, IL PERMIT NO. 3223
Investment & Finance: Will rising interest rates and surging inflation spell trouble for the sector? Not according to SparrowHawk
By Mia Goulart, Senior Staff Writer
I
t’s a pivotal moment for the U.S. economy. Will surging inflation and geopolitical shifts spell trouble for the sector? Not necessarily. Chicago Industrial Properties recently consulted SparrowHawk Founder Alfredo Gutierrez to discuss the current outlook,
INVESTMENT (continued on page 6)