Prime, Capri JV sell former CBOE HQ for $40M to data center developer, Legacy Investing, to convert Loop building into 33-megawatt facility amid surging demand for data infrastructure

Key Points
Legacy Investing, based in Arlington, Virginia, purchased the former Cboe Global Markets headquarters at 400 South LaSalle Street for $40 million.
The company plans to convert the six-story property into a 33-megawatt data center, expected to be operational by late 2026.
Prime Group and Capri Investment Group, the sellers, had acquired the building in July 2024 for $12 million and increased its value through early-phase work, including power capacity upgrades.

Legacy Investing
Jay Rappaport | Managing Partner, Transactions
Capri Investment Group
Nick Kester | VP, Investment/Development
The Prime Group Inc.
Michael Reschke, Jr. | EVP, Development & Acquisitions

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