IT infrastructure service provider New Continuum Holdings Corporation, which operates New Continuum Data Center, has acquired a flagship mission critical data center, located at 603 Discovery Drive in West Chicago, Illinois. The facility, which was officially acquired in late December, was originally purpose-built as a data center by the previous owner. Post Road Group provided the senior debt financing for this transaction.
New Continuum began leasing the property in the fall of 2013 when it commenced construction on a redevelopment project for the building. The company began operating a multi-tenant data center on the premises in 2015 when the initial construction was completed, and then added incremental cooling capacity in the summer of 2018. Leveraging the rich infrastructure of the existing facility, New Continuum has established itself as a leader in innovating and adopting new technologies in multi-tenant data center services.
“This is a major milestone for New Continuum,” said Eli D. Scher, founder, chairman and CEO of New Continuum. “When we began this redevelopment project, it was always our objective to eventually own the underlying real estate asset as well. With this transaction completed, we can now begin the next chapter in New Continuum’s evolution as an owner and operator of this critical data center.”
In addition to the upgrades already made in the physical plant, New Continuum has invested heavily in recruiting world-class engineers and constructing next generation connectivity services. New Continuum also engages in broader, community-wide efforts to support its customers’ activities. The flagship data center is Open-IX certified and New Continuum is a member of the Open19 Foundation as well as the Enterprise Ethereum Alliance.