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08/03/16 Five 9s Digital News

Five 9s Digital advises CME Group in $130M Data Center Sale-Leaseback to CyrusOne


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CME Sells Its 428,000 SF Data Center to CyrusOne and with a partial leaseback of 10 MW

Five 9s Digital provided comprehensive advisory services to the CME Group (NASDAQ:CME) in the sale of its flagship 428,000 SF corporate data center in the Chicago market. CME engaged the Five 9s team in the early stages of considering a sale-leaseback transaction with data center REIT, CyrusOne (NASDAQ:CONE). Five 9s provided CME with valuation services, data center market insight and research, financial analyses, the creation service level agreement (SLA) and advisory support throughout the transaction process.

CyrusOne acquired the facility for $130M which included the 428,000 SF facility and an adjacent 15 acres of developable land where CyrusOne has already commenced on a 500,000 SF data center expansion. As part of the overall transaction, the CME Group leased back a portion of the existing facility totaling 10 MW of space and power.

The transaction was considered highly successful by both groups as it allowed CyrusOne to quickly enter the robust Chicago data center market on a large scale and CME was able to right-size its data center requirements. Additional opportunities were considered during the transaction negotiations for the two groups to add future value to each company's existing operating platform.

Corporate data center sale-leasebacks are often a challenging process requiring all stakeholders to work through a complex stream of issues when transitioning ownership and operations. The Five 9s Digital team is proud to have been involved in this benchmark data center transaction.

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