Independence Office, Flex for Lease - South
Come home to one of Cleveland’s most well-connected modern office and industrial properties at the beautiful Independence Technology Center, a unique place to work alongside nature.
• Strategic Location:
o Located in the most central commercial real estate submarket in Northeast Ohio, ITC is a state-of-the-art 306,000-square-foot building with 3 loading dock bays and is located on a sprawling 40-acre campus.
o This property offers unparalleled opportunities for data center operations seeking a strategic and high-performance location. The property is zoned both commercial and U-5 – Industrial (NEC).
o Extremely private and abuts the Metroparks, ITC is within 2 miles of I-77 and offers convenient access to major highways, airports, and public transportation.
o ITC offers potential carrier hotel connectivity as the US East Coast connects to the Midwest through Cleveland.
o Cleveland, Ohio, is a top US cloud hub disaster recovery location. ITC offers low latency to Ashburn, Chicago, Detroit, Philadelphia, and NYC.
o 60% of the US population lives within 600 miles of Ohio.
o Cleveland, Ohio is one of the lowest overall exposures to natural disaster risks in the Eastern US.
• Robust Infrastructure:
o Renovated in 2012 for the Cleveland Clinic Foundation, the additions and renovations were built and designed to meet first-class standards that can meet the needs of a data center. It features redundant power sources, backup generators, advanced cooling systems, and scalable network connectivity options to ensure continuous and reliable operations.
o The power grid serving ITC is one of the country’s most reliable and affordable, and ITC has the ability to provide 10 MW of power with diverse utility feeds.
o ITC can offer a robust fiber ring that provides millisecond latency. Fiber optic infrastructure in place from Everstream’s broadband network, which allows businesses to operate a converged IP network capable of delivering strong voice, video, and data services at speed up to 100 Gb/s.
o ITC has high-capacity water and sewer.
• Scalability and Expansion Opportunities:
o The ITC campus offers ample room for scalability and expansion to accommodate a growing demand for computing resources. With customizable floor plans and available land for future development, it provides data operators with the flexibility to scale their operations according to their needs.
• Advanced Security Measures:
o Security is a top priority for the Cleveland Clinic. The property is equipped with advanced security features. The building offers fire protection and a sprinkler system.
o The building is located across the street from the Independence police and fire departments.
• Environmental Sustainability:
o ITC is committed to environmental sustainability and energy efficiency. It incorporates a solar panel farm on the rooftop and a geothermal HVAC system.
o LEED certified, Silver.
o Electric service can also be provided from Constellation Energy’s nuclear facility, which could offer carbon-free certification.
• Data Center Tax Exemption:
o Ohio provides a sales-tax exemption rate and term that allow for partial or full sales-tax exemption on the purchase of eligible data center equipment. Projects must meet minimum investment and payroll thresholds to be eligible. Final approval of the tax exemption is contingent upon the approval of the Ohio Tax Credit Authority.
