FINANCED
Aligned Data Centers Secures $700M Refinance Loan For 520K SF Data Center In Northlake
501 & 505 North Northwest Avenue
Industrial
1,040,000 SF
1,040,000 SF
Financed 134 days ago
Summary
Loan
ILLINOIS
Industrial
1,040,000 sqft
A Texas-based company, Aligned Data Centers, has recently completed a 520,000-square-foot mega-sized data center in Northlake, Chicago. The facility, located at 501 & 505 North Northwest Avenue in the Northlake market, is part of the company's 13-center portfolio. It offers ample space, access to resources, and a skilled workforce for data facility maintenance. This state-of-the-art data center has attracted significant attention and recently secured a $700 million refinancing deal in November.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $700,000,000
- Address: 501 & 505 North Northwest Avenue, Northlake, Chicago
- Market: Northlake
- Square Footage: 520,000
The lender responsible for providing the refinancing loan is TD Bank and Wilmington Trust. Aligned Data Centers' CEO, Andrew Schaap, is the landlord in this transaction.
Players
All
2
Lenders
2
Details
FINANCED
IMAGE: Andrew Schaap
DATE: 12/27/2023
ADDRESS: 501 & 505 North Northwest Avenue
MARKET: Northlake
ASSET TYPE: Industrial ~ SF: 520,000
LENDER: TD Bank (@TDBank_US) & Wilmington Trust
LANDLORD: Aligned Data Centers - Andrew Schaap
LOAN AMOUNT: $700,000,000
LOAN TYPE: Refinance
NOTE: Texas-based Aligned Data Centers has completed its 520,000-square-foot mega-sized data center in Northlake, Chicago, securing a $700 million refinancing deal in November. The facility, part of the company's 13-center portfolio, is situated in Chicago's suburbs, offering space, access to resources, and a skilled workforce for data facility maintenance.View on map
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Address501 & 505 North Northwest Avenue
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