Aligned Data Centers Secures $700M Refinance Loan For 520K SF Data Center In Northlake

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.