Element Critical CH1: Element Critical’s Chicago Data Centers secure $72M loan

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.