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Acquisition, Bridge Debt Financing Secured for Chicago Data Center Portfolio

A venture between New York-based Safanad, Industry Capital and Element Critical secured debt financing for CH1 and CH2, a two-property data center portfolio totaling 194,520 square feet in the Chicago-area community of Wood Dale, IL. HFF worked on behalf of the borrower to arrange the three-year, floating-rate acquisition bridge loan.

The facilities are located at 711 N. Edgewood Ave. and 341-361 Haynes Dr., near O’Hare International Airport and roughly 24 miles northwest of Chicago’s CBD. The assets are positioned within the Chicago Data Center market, the third largest in the country behind Northern Virginia and Dallas.

Wood Dale 1 is a 150,000-square-foot building, and Wood Dale 2 features 44,520 square feet.

HFF’s Cullen Aderhold, Brian Torp, Tim Joyce and Kevin MacKenzie represented the borrower.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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