A Dallas-based developer of data centers is under contract for the potential purchase of the 273-acre former Sears campus in Hoffman Estates, sources familiar with the pending transaction said.
Dallas-based Compass Datacenters is the company under contract to buy the 273-acre former Sears headquarters campus in Hoffman Estates, according to sources familiar with the pending transaction.
A developer of data center campuses, Compass Datacenters is in the process of being acquired by Brookfield Infrastructure Partners L.P. and the Ontario Teachers’ Pension Plan, a company news release reported last month.
Compass founder and CEO Chris Crosby, along with his current management team, are expected to continue leading the company after the acquisition, which is anticipated to close by the end of the year.
Company officials could not be reached for comment on the former Sears property, but Crosby released a statement in June about the company’s sale.
“The industry is at a critical inflection point today with AI and cloud demand continuing to fuel significant growth,” Crosby said. “With Brookfield Infrastructure and Ontario Teachers’ strategic expertise and deep financial resources, Compass is ideally positioned to meet growing demand for hyperscale data centers and campuses.”
According to the company’s website, Compass has developed more than a dozen data centers around the world, including in Minneapolis, Nashville and Montreal, as well as Milan, Italy, and Israel.
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