Market Overview

CIM Group Acquires Property in Chicago's South Side for Data Center Conversion

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Marks Fourth Datacenter with fifteenfortyseven Critical Systems
Realty

CIM Group and fifteenfortyseven Critical Systems Realty ("1547") today
announced the acquisition of Midway Technology Centre, an approximately
220,000-square-foot vacant industrial campus consisting of a five-story
building and surface parking lots. Located at 40 East Garfield Boulevard
between S. State Street and S. Wabash Avenue in Chicago's Washington
Park neighborhood, the property sits on 4.69 acres of an entire city
block and was the former bread factory of the Schulze Baking Company
that opened over a hundred years ago. The property is expected to be
converted into a 26 MW Tier III+ data center with tech office space
designed to address wholesale users' increasing data and connectivity
demands.

Midway Technology Centre is located in a fiber-rich area adjacent to
multiple fiber-optic paths for metro and long-haul fiber into 350 E
Cermak, the most interconnected datacenter in the central U.S. The
historic industrial building will be rehabilitated and adaptively reused
to accommodate a range of data center users seeking a presence in the
greater Chicago metro area.

Chicago is one of the top data center markets in the United States and
is a major hub for content delivery services due to its central U.S.
location. Additionally, Chicago is an attractive data center environment
due to its relatively low power costs, access to cross-continental fiber
networks, large and growing colocation/cloud ecosystem, favorable
business climate, international financial exchanges, and low risk of
natural disasters.

"Midway Technology Centre's connectivity directly to the primary
interconnection facilities will appeal to providers of low latency
applications and cloud services to the greater Chicago community.
Additionally, with its location in both an Enterprise Zone and an
Opportunity Zone, Midway Technology Centre is positioned to be a highly
desirable option for all users of data center services. The acquisition
of Midway Technology Centre further expands the partnership's portfolio
of premier datacenter assets in or adjacent to population centers to
serve the growing data needs of businesses," stated J. Todd Raymond, CEO
of 1547.

Including Midway Technology Center, within the last year CIM and 1547
have acquired four properties for data center operations. Last summer
the partnership acquired 400 Paul Avenue in San Francisco, a 7.3-acre
property planned for a 240,000-square-foot data center campus located at
one of the nation's most important data center hubs in the San Francisco
Bay Area. Construction is underway on the two existing buildings
totaling approximately 54,000 square feet, which will be used to serve
as data center, office and support/secure storage space for the
fully-entitled development of a 187,000-square-foot, two-story, data
center with 24 MW of power capacity from dual power feeds via
underground ducts from separate PG&E transformers. The partnership also
owns an operating datacenter in Markham, Ontario, 20 miles outside of
downtown Toronto, Canada, and an operating data center in Cheyenne,
Wyoming.

CIM Group's growing portfolio of diverse infrastructure assets include
renewable energy, water, transportation, waste management and
communications infrastructure that support urban communities in North
America.

About CIM Group

CIM is a community-focused real estate and infrastructure owner,
operator and lender. Since 1994, CIM has led more than $56 billion of
projects in communities across the Americas on behalf of its own account
and its partners, co-investors and shareholders. CIM's broad in-house
expertise includes decades of research, acquisition, credit analysis,
development, finance, leasing and asset management experience in urban
real assets, net-lease assets and other associated credit strategies.
CIM's disciplined approach and extensive in-house expertise creates
value in projects, which ultimately enhances communities. For more
information, visit www.cimgroup.com.

About fifteenfortyseven Critical Systems Realty

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. 1547 was formed in 2011 by a group of experienced executives
from the financial and data center industries to leverage their combined
expertise to produce market leading data center development projects.
Together, the team has over 60 years of experience in developing,
renovating and operating data center space. This wealth of experience
allows 1547 to be uniquely positioned to acquire, develop, and operate
strategically-located, custom built data center properties.

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