108-Acre Hawthorne Race Course Buyer Could Put Data Center On Site
Digital Realty, a data center developer, reportedly acquired the 108-acre Hawthorne Race Course in Stickney for $90M. Local leaders oppose data center plans, and a moratorium on such developments is in place. The company has not disclosed its intentions for the site.
How this was made
The 30-second read
Why it matters
The acquisition could increase DLR's capacity but faces regulatory and community hurdles.
Market read
First report of a $90M data‑center acquisition by a major REIT, relevant for sector investors.
What to watch
Zoning approval risk and possible alternative uses (logistics, manufacturing) could affect valuation.
Background
Digital Realty operates over 300 data centers in 55 metros and is expanding its portfolio.
Ticker impact
Digital Realty is reported as the sole bidder acquiring the 108‑acre Hawthorne Race Course for $90M.
Short‑term pressure on DLR stock as investors assess acquisition cost versus pipeline growth.
The deal size is material but the use of the site is uncertain, creating mixed outlook.
Market effects
Adds to data‑center sector consolidation trend, may spur comparable deals.
Potential impact on Stickney/Chicago real‑estate and local zoning debates.
Limited to data‑center industry investors.
Counterpoint
If local opposition stalls the project, the acquisition could become a costly write‑off.
Key entities
- CompanyDigital Realty
US‑listed data‑center REIT (DLR).
- BrokerHilco Global
Bankruptcy sale advisor for the Hawthorne Race Course.
