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CIM Group Acquires 340 Progress Circle in Cheyenne, Wyoming

CIM Group Acquires 340 Progress Circle in Cheyenne, Wyoming

CIM Group and fifteenfortyseven Critical Systems Realty (“1547”) announced the acquisition of 340 Progress Circle in Cheyenne, Wyoming, a build-to-suit single-tenant data center constructed for Green House Data in 2015.

Established in 1994, CIM is a vertically-integrated owner and operator of real assets for its own account, and on behalf of its partners and co-investors seeking to invest in urban real assets, net-lease assets, and other associated credit strategies, with a principal focus on North America. CIM’s real assets include urban residential, commercial, retail, hospitality, debt, and infrastructure investments as well as U.S.-based retail, office, and industrial net-lease. CIM’s broad expertise includes in-house research, acquisition, investment, credit analysis, development, finance, leasing and asset management capabilities. For more information, please visit www.cimgroup.com.

fifteenfortyseven Critical Systems Realty (1547) is a leading developer and operator of custom-designed data centers with over 800,000 square feet of data center space under development and management in Orangeburg, NY, Chicago, IL, Cheyenne, WY, San Francisco, CA, Markham, ON and Kapolei, HI. Central to the firm’s strategy is the ability to uncover the true intrinsic value of properties, opportunistically developing world-class data center facilities with a focus on providing tenants with customized mission critical solutions from concept through completion..

CIM Group’s diverse – energy, urban parking facilities, water supply infrastructure, and waste solutions

CEO of 1547  J. Todd Raymond said that the data center in Cheyenne combines high-quality infrastructure with low-cost power and high-capacity fiber, and continues the partnership’s goal of acquiring and developing premier datacenter assets in or adjacent to population centers to serve the growing data needs of businesses.