50-madison-totowa-nj

JLL Arranges $11M in Financing for Data Center in Totowa, New Jersey

by Alex Patton

TOTOWA, N.J. JLL has arranged $11 million in financing for a data center in Totowa, a western suburb of New York City. The property is a 125,871-square-foot facility that was completed in 2009 and is leased to Dallas-based data center REIT CyrusOne. An undisclosed life insurance company provided the permanent loan, which carries a fixed interest rate and a 10-year term. Thomas Didio of JLL arranged the financing for the borrower, Russo Development.

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