Newmark Group announced on January 22, 2025, that it arranged a $2.3 billion loan to capitalize a 206-megawatt (MW) build-to-suit data center development in Abilene, Texas. The financing was secured on behalf of Blue Owl Capital, Crusoe Energy Systems, and Primary Digital Infrastructure.
The loan was provided by JP Morgan for a project leased to a leading technology company, which will feature state-of-the-art fit-outs and 300 MW of on-site self-generation. The development broke ground in 2024, with initial capacity expected in early 2025.
This massive financing deal underscores Newmark's critical role in the rapidly growing data center industry, fueled by the expanding needs of hyperscalers, AI, and high-performance computing users. It highlights the firm's ability to facilitate large-scale, clean capacity digital infrastructure projects.
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