Chicago I
As Stream Data Centers’ first facility in Elk Grove Village, Illinois, Chicago I is a perfect example of our strategy of proactively building data centers in locations where total cost of ownership can be optimized, risk is low, network connectivity is robust, and sustainability is easily achievable. Chicago I checked all those boxes – including sales tax exemptions, readily available robust fiber optic connectivity and the most reliable power in the country.
Stream acquired the property in December of 2017. After successful reconstruction, the facility was fully leased to a major cloud customer at the end of 2020.
The Market
Why Chicago
We invest in your success through speculative development in markets where we see future demand and in locations where TCO can be optimized, risk is low, network connectivity is robust, and sustainability is easily achievable. Elk Grove Village certainly fits the bill and is fast becoming a prime destination for hyperscalers and enterprises alike.
Sales tax exemptions translate to deployment savings
As a qualified data center under the Illinois tax incentive program, Chicago II tenants receive a 20-year state and local sales tax exemption on data center and IT equipment purchases.
Power is low-cost and highly reliable
Electricity rates in Chicago are among the lowest of top data center markets. In addition, the power utility ComEd has a proven track record of above-average reliability.
Chicago is one of the country’s main peering and interconnection markets
With many local internet exchanges for peering, cloud on-ramps, and several local public cloud nodes, you’ll have reliable low-latency connectivity wherever you need to go.
Renewable energy options abound
Illinois is the country’s 8th largest generator of power from renewable energy, and customers of our Chicago data center find it easy to access renewable energy options.
Chicago is a great place to do business
Hyperscalers and enterprises alike are in good company in Chicago, which is home to 6,151 tech companies. 422 companies have expanded or relocated there in the last five years.
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