Graham Williams And Grant Van Rooyen Acquire 343 Acres In Morris From Clarius Partners For $51.5M
$51,500,000
Building Size
—
Asset Type
Land
Closing
Jan 27, 2026
AI
The transaction involved 343 acres of land located on I-80 in the Morris market, sold for $51,500,000. The buyer is Tract, comprised of Graham Williams and Grant van Rooyen, who plans to develop infrastructure for a 2.9 million square foot, 1-gigawatt data center campus in the Chicago area. The property was sold by an affiliate of Clarius Partners, with initial power expected by June 2028 and a full load of 1 GW by 2032.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $51,500,000
- Acres: 343
- Buyer: Graham Williams & Grant van Rooyen - Tract
- Seller: Clarius Partners
- Brokers: Michael Fonda, Adam Haefner & Howard Berry - Avison Young
The deal features a significant infrastructure development project intended for the future expansion of data capacities, supported by local city and utility officials. The site has attracted attention amid discussions regarding water usage for the data center's needs during its planning phase.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93