Newmark Group announced on December 13, 2024, that it arranged a $600 million loan to capitalize a 50-megawatt build-to-suit data center development in Northern Virginia. The project is a collaboration between Blue Owl Real Estate, Chirisa, and PowerHouse Data Centers.
The financing was arranged by Newmark's Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, in collaboration with Head of Data Center Capital Markets Brent Mayo. The loan was provided by a syndicate led by Societe Generale.
Leased to leading hyperscale graphics processing unit provider CoreWeave, the project is located within the Chirisa Technology Park in Richmond. This transaction reflects the continued appetite for innovative, large-scale digital infrastructure solutions in key markets, underscoring the data center sector's resilience as a cornerstone of today's global economy.
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