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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.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition