Pearlmark JV acquires fully leased Data Center and flex facility in Arlington Heights, Illinois for $13M ($116psf)

6/24/2025

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REBusinessOnline

• Subcategory: Industrial: Data Centers, Industrial: Flex

• Tag: JV-Partnership | Sale

• Additional Filters-Tags: Sale: Investment, Sale: Net Lease, Sale: Single Property

• Company: Pearlmark

SRM Cos. and Pearlmark have acquired a data center and flex industrial facility located at 545 E. Algonquin Road in the Chicago suburb of Arlington Heights. The transaction marks SRM’s first acquisition in the Chicago market. The property is fully leased to two tenants and features robust power and infrastructure.

Pearlmark

Mark Witt | Managing Director, Mezzanine Funds

[email protected]

312-499-1900

Pearlmark

Christopher Méndez | Managing Director, Equity Investments

[email protected]

917-810-5523