CHICAGO-Developer Ascent Corp. has secured a loan worth $107million to fund a data center expansion in Northlake and to makeentry into new markets. A consortium led by Bank of America MerrillLynch offered the loan to the developer based in St. Louis. Ascentpurchased the industrial property measuring 250,000 square feet at505 N. Railroad Avenue in 2010 for $11.5 million.
The consortium also consists of Cole Taylor Bank and Royal Bankof Scotland. For the full story, go to Crain's Chicago Business .
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