Valley National Bank Lends M on Virginia Data Center

AC DataCom Digital Infrastructure Investments has nabbed $43.8 million of permanent financing for its data center development in Harrisonburg, Va., Commercial Observer has learned. Valley National Bank provided the term loan on the sponsor's 100,000-square-foot, Class A data center at 1175 North Main Street, two miles from the campus of James Madison University . The property has been fully leased to Anthem Health since 2015.  'Although the Harrisonburg market isn't within Valley's footprint, providing financing solutions for our long-term clients, even out of market, is important to maintaining and growing those important relationships,' Chris Coiley , Valley's regional president of commercial real estate for the regions of New York, New Jersey, Pennsylvania, California and Illinois, said in a statement.