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DENVER and LOS ANGELES — The data center company Cologix and the real estate firm CIM Group are partnering to build a hyperscale data center near Toronto. Cologix and CIM formed a joint venture to construct and operate the 50,000 square foot Scalelogix data center, TOR4, in Markham, Ontario, according to Cologix last month. TOR4 […]
DENVER and LOS ANGELES — The data center company Cologix and the real estate firm CIM Group are partnering to build a hyperscale data center near Toronto.
Cologix and CIM formed a joint venture to construct and operate the 50,000 square foot Scalelogix data center, TOR4, in Markham, Ontario, according to Cologix last month.
TOR4 will offer 15 MW of power and diverse dark fiber connectivity between TOR4 and Cologix’s TOR1 carrier hotel in Toronto.
The joint venture has pre-leased a “significant anchor tenant” for the facility.
The TOR4 Scalelogix hyperscale data center will be set up to offer flexible design options to support current and future customer requirements to build and scale operations in response to the “growing cloud edge” in Canada.
TOR4 customers will gain access to Cologix’s ecosystem of over 160 networks and over 50 cloud providers.
TOR4 is the fifth data center in the Toronto area for Cologix.
Cologix’s Scalelogix portfolio now includes seven current and planned hyperscale edge data centers: in Ashburn, Virginia; Columbus, Ohio; Silicon Valley, California; Montréal and Toronto, Canada. The facilities are set to total 1.5 million square feet and 285 MW of power.
CIM Group is an owner of and investor in data centers across North America and expanding its portfolio through partnerships with companies, such as Cologix, for new construction or acquisitions.
“By executing our Scalelogix pre-leasing strategy of offering strategically located facilities, along with access to Cologix’s network-dense ecosystem, we quickly secured a large, anchor tenant for TOR4,” said Laura Ortman, president and chief revenue officer, Cologix
Avi Shemesh, co-founder and principal of CIM Group, said Cologix is “an ideal fit as a partner for CIM Group, as we continue to expand our digital infrastructure portfolio.”
“CIM has identified data centers as a sector with potential for attractive growth and risk-adjusted returns,” Shemesh said.
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