Chicago Data Centers
Chicago, IL

Client
Element Critical and Safanad

Description

Built in 1982 and acquired by Safanad in 2019, two data center facilities located across the street from one another in the Elk Grove Village submarket of Chicago, Illinois have nearly 200,000 square feet of rentable area, with operational data center and disaster recovery office space to support 80+ tenants under lease. The data centers, operated by Element Critical, together feature 115,000 square feet of raised floor space and up to 8 megawatts of leasable power capacity. Refinance proceeds support the company’s growth and will be used for upgrades, efficiency enhancements, and continued expansion of critical white floor space to enable hybrid and future-proofed colocation environments for both existing and new customers.

Structuring
$71,550,000 Refinancing from Annaly