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Eastern Union Funding Arranges $19M Loan to Refinance Data Center in Philadelphia

2401-locust-st-philadelphia-pa

Built in 1928, the facility at 2401 Locust St. in Philadelphia is used as a mission-critical data center.

PHILADELPHIA — Eastern Union Funding has arranged a $19 million loan for the refinancing of a data center, located at 2401 Locust St. in Philadelphia. Built in 1928 as a manufacturing facility, the four-story 44,015-square-foot property is now used as a mission-critical data facility. Meir Kessner of Eastern Union represented the borrower, CRCO Phil LP, in the transaction.

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