Prologis Sells Chicago-Based Data Center Development to HMC Capital
PLDPrologis(PLD) ZACKS·2024-12-14 01:01

Prologis (PLD) recently sold a data center development located in its Chicago market to HMC Capital. In partnership with Skybox Datacenters, the company is converting its Illinois warehouse into a high-capacity, turnkey data center, with a capacity of 32 megawatts (MW).The company's data center strategy incorporates both warehouse conversions and ground-up developments. This particular warehouse is part of the U.S. Logistics Fund, a co-investment initiative by Prologis that emphasizes premier logistics real ...