Newmark Advises on $4B AI Data Center Joint Venture
Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Firm”), a number one industrial actual property advisor and repair supplier to giant institutional buyers, publicizes that the Firm suggested Blue Owl Capital, Chirisa Expertise Parks and Machine Funding Group in a $4 billion three way partnership supporting growth of a state-of-the-art AI information middle campus in Lancaster, Pennsylvania.
A Newmark crew together with Andrew Warin, Josh King, Adam Doneger and Brent Mayo represented the three way partnership, with oversight from Jordan Roeschlaub and Doug Harmon.
The funding helps a long-term lease with a number one cloud computing firm for its increasing nationwide community of high-density GPU infrastructure, positioning the Lancaster growth as a key Mid-Atlantic hub for AI workloads. The transaction extends Blue Owl’s growth partnership with Chirisa Expertise Parks to a complete of $20 billion, encompassing multiple gigawatt of capability throughout Pennsylvania and Virginia.
The Lancaster facility is one in all a number of strategic hyperscale developments backed by institutional capital throughout key financial corridors. The campus will embrace repurposed industrial services and newly constructed high-density information facilities designed for AI-intensive functions. The transaction represents a continuation of Newmark’s advisory function in main digital infrastructure initiatives throughout North America.
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