Travis Pearson Of GI Partners Acquires Data Center In Elk Grove Village For $750 Million
800 East Devon Avenue
$750,000,000
$3,968/SF
Building Size
189,000 SF
Asset Type
Other
Closing
Sep 9, 2026
About this deal
AI
GI Partners purchased a fully leased data center located at 800 East Devon Avenue in Elk Grove Village, IL for a transaction amount of $750 million. The asset spans 189,000 square feet, translating to a price per square foot of $3,968, making it the most expensive commercial real estate deal in Illinois this year.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $750,000,000
- Square Footage: 189,000
- Address: 800 East Devon Avenue
- Market: Elk Grove Village, IL
- Price Per Square Foot: $3,968
- Buyer: Travis Pearson - GI Partners
- Broker: Dominique Gonzales - Latham & Watkins
This transaction expands GI Partners' existing data center portfolio in Elk Grove, an area that is witnessing significant investment, with 20 operating data centers and an additional 19 projected to be established.
On the Map
$750,000,000
$3,968/SF
Other
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Players
Elk Grove Village Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93