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I-80 in Morris, Illinois

Graham Williams And Grant Van Rooyen Acquire 343 Acres In Morris From Clarius Partners For $51.5M
SOLDLand

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:

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

Adam Haefner

Avison Young

Broker

$51.5M

vol

6 deals

Broker
Avison Young
Avison YoungBrokerage
Graham Williams

Graham Williams

Tract Capital Management

Buyer

1 deal

Buyer

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