Newmark Group announced on October 17, 2024, that it served as strategic advisor to Blue Owl Capital, Primary Digital Infrastructure, and Crusoe Energy Systems LLC in a $3.4 billion joint venture. This venture will fund a purpose-built data center at the Lancium Clean Campus in Abilene, Texas.
The new data center will be a 206-megawatt, 998,000-square-foot, two-building development, 100% long-term leased to a Fortune 100 hyperscale tenant. Occupancy is expected to begin in the first half of 2025, with the design optimized for direct-to-chip liquid cooling to support cutting-edge artificial intelligence workloads.
This project underscores Newmark's capabilities in the rapidly growing data center industry, fueled by the expanding needs of hyperscalers and AI users. The firm's role as exclusive advisor in this transaction demonstrates its expertise in facilitating large-scale digital infrastructure investments.
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