EnTrust Realty Advisors LLC has completed the sale of 1800 Springer Drive, a 60,838-square-foot office/data center building in Lombard, to CyrusOne, which occupies 96 percent of the space.
The property is located in the Oak Creek Center business park, an 11-building, 70-acre office complex containing 427,000 square feet of professional office space, originally developed by The Alter Group. It is located in Lombard near the four-way interchanges of I-355, I-88 and I-294.
Scott Latter, real estate associate with EnTrust Realty Advisors, and Jeffrey Ludwig, senior vice president, Alter360, represented the owner, The Alter Group, in the transaction.
CyrusOne specializes in highly reliable enterprise-class, carrier-neutral data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for more than 500 customers.
“We had sourced an investor for the property, which led to CyrusOne exercising its right of first refusal to purchase the building on the same terms,” said EnTrust Realty Advisors Managing Principal James Clark III.
