Published in Element Critical CH1

Element Critical’s Chicago Data Centers secure $72M loan

Apr 12, 2021 | Posted by Eric Bell

Element Critical and parent company Safanad Inc. recently secured a $71.5 million loan to refinance their Chicago data center portfolio. The loan provided by Annaly Capital Management Inc. will go towards renovations for two data center facilities based in the Elk Grove Village area of Chicago, Illinois.

The Tier III facilities, named Chicago One and Two, are located on opposite sides of the street and have almost 200,000 sqft between them. The facilities also have 8MW power, expandable to 15MW.

Element Critical currently operates five data centers located in Virginia, Silicon Valley, Chicago, and Houston.

Element Critical CH1 is located at 711 North Edgewood Avenue, Wood Dale, IL 60191.

11 N. Edgewood Avenue in Wood Dale, Illinois
Source: Element Critical
EC CH1
Source: Element Critical

Element Critical has 7 sites in 7 regions.

11 N. Edgewood Avenue in Wood Dale, Illinois
Source: Element Critical
EC CH1
Source: Element Critical

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