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FULL FUNDING SECURED FOR INDIANA DATA CENTER CAMPUS
Digital Crossroads (DX Hammond OpCo, LLC) announced it has completed and closed on the funding for its greenfield data center located on the former State Line Generating Plant in Hammond, Indiana. Digital Crossroads teamed with Star America, a US based infrastructure developer, to co-develop the project. Star America will provide the equity needed for the first 105,000-square-foot phase of the data center project. Bank Street served as exclusive financial advisor to both Digital Crossroads and Star America in connection with this transaction. “The goal to establish a new world-class data center in Indiana is now within reach thanks to the collaborative efforts of Governor Eric Holcomb’s office, the IEDC, numerous local officials, and financial partners. Strong support from the governor and other state officials made this possible,” reports Peter Feldman, data center developer and the Chief Executive Officer of DX Hammond OpCo d/b/a Digital Crossroads. “Star America and Bank Street were the first groups we approached about being a part of our financing solution. Bank Street’s vast experience in the data center arena will afford further opportunities for expansion and we welcome Star America’s expertise in developing additional infrastructure projects and the support they will be providing through their proven leadership and management”.
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