Interconnection specialist Telx will add an additional 15,000 square feet of space at 350 East Cermak Street, the primary data center hub in downtown Chicago, the company said today. The additional space was assigned to Telx by another tenant within the facility, and provides room fior expansion by financial services customers seeking low latency connectivity to financial exchanges.
The expansion will double the company's square footage and available cabinets at 350 East Cermak, a 1.1 million square foot facility owned by Digital Realty Trust (DLR).
“Low latency connectivity and high-volume high performance interconnection remain in strong demand, especially in major financial hubs such as Chicago,” said Chris Downie, President and CFO of Telx.
The Telx operation at 350 East Cermak houses the Telx Financial Xchange, offering direct connections to more than 30 of the industry’s leading exchanges, trading platforms, and financial service companies. Telx says the new space will yield 10,000 square feet of sellable space.
"Telx and Digital Realty Trust have a long-standing valued relationship as the MMR operator in ten of our Internet Gateways," said Chris Crosby, Senior Vice President at Digital Realty Trust. "With the growing data center demand and diminished supply available in downtown Chicago, Telx is well-prepared to serve customers requiring quick deployment and dense interconnections in the premier data center facility in Chicago."