Newmark Arranges $2.3 Billion Construction Financing for 206 MW Build-to-Suit Data Center
Newmark Group (NMRK) has arranged a significant $2.3 billion construction financing for a major data center project in Abilene, Texas. The facility, a 206 megawatt (MW) Build-to-Suit development, is being developed on behalf of Blue Owl Capital, Crusoe Energy Systems, and Primary Digital Infrastructure.
The project, which broke ground in 2024, is leased to a leading technology company and will feature 300 MW of on-site self-generation capacity. JP Morgan provided the loan, which was secured by Newmark's debt and structured finance team. Initial capacity is expected to be delivered in early 2025.
According to Newmark Research, the data center industry is experiencing rapid growth driven by hyperscalers, AI and HPC users, and large enterprises, with construction pipelines reaching new records last year.
Newmark Group (NMRK) ha organizzato un significativo finanziamento per la costruzione di 2,3 miliardi di dollari per un importante progetto di data center ad Abilene, in Texas. La struttura, un sviluppo Build-to-Suit da 206 megawatt (MW), è in fase di sviluppo per conto di Blue Owl Capital, Crusoe Energy Systems e Primary Digital Infrastructure.
Il progetto, i cui lavori sono iniziati nel 2024, è affittato a una grande azienda tecnologica e presenterà una capacità di 300 MW di auto-generazione in loco. JP Morgan ha fornito il prestito, garantito dal team di debito e finanza strutturata di Newmark. Si prevede che la capacità iniziale sarà disponibile all'inizio del 2025.
Secondo Newmark Research, il settore dei data center sta vivendo una rapida crescita trainata da hyperscalers, utenti di IA e HPC, e grandi imprese, con i pipeline di costruzione che hanno raggiunto nuovi record lo scorso anno.
Newmark Group (NMRK) ha organizado un importante financiamiento para construcción de 2.3 mil millones de dólares para un gran proyecto de centro de datos en Abilene, Texas. La instalación, un desarrollo Build-to-Suit de 206 megavatios (MW), está siendo desarrollada en nombre de Blue Owl Capital, Crusoe Energy Systems y Primary Digital Infrastructure.
El proyecto, que comenzó en 2024, está alquilado a una empresa tecnológica líder y contará con 300 MW de capacidad de auto-generación en el sitio. JP Morgan proporcionó el préstamo, que fue asegurado por el equipo de deuda y financiamiento estructurado de Newmark. Se espera que la capacidad inicial esté disponible a principios de 2025.
Según Newmark Research, la industria de centros de datos está experimentando un rápido crecimiento impulsado por hyperscalers, usuarios de IA y HPC, y grandes empresas, con las pipeline de construcción alcanzando nuevos récords el año pasado.
Newmark Group (NMRK)는 텍사스 애빌린에서 주요 데이터 센터 프로젝트를 위한 23억 달러의 건설 자금 조달을 마련했습니다. 이 시설은 206메가와트(MW) 맞춤형 개발로, Blue Owl Capital, Crusoe Energy Systems, Primary Digital Infrastructure를 위해 개발되고 있습니다.
2024년에 착공된 이 프로젝트는 주요 기술 기업에 임대되며 현장 자가 발전 용량 300MW를 갖출 예정입니다. JP Morgan이 대출을 제공했으며, 이는 Newmark의 채무 및 구조화 금융 팀이 보증했습니다. 초기 용량은 2025년 초에 제공될 것으로 예상됩니다.
Newmark Research에 따르면 데이터 센터 산업은 하이퍼스케일러, AI 및 HPC 사용자, 대기업에 의해 주도된 빠른 성장세를 보이고 있으며, 건설 파이프라인은 지난해 새로운 기록을 세웠습니다.
Newmark Group (NMRK) a organisé un financement de construction significatif de 2,3 milliards de dollars pour un projet majeur de centre de données à Abilene, au Texas. L'installation, un développement sur mesure de 206 mégawatts (MW), est en cours de développement pour le compte de Blue Owl Capital, Crusoe Energy Systems et Primary Digital Infrastructure.
Le projet, qui a été lancé en 2024, est loué à une grande entreprise technologique et comportera une capacité d'auto-génération sur site de 300 MW. JP Morgan a fourni le prêt, qui a été garanti par l'équipe de dettes et de finance structurée de Newmark. La capacité initiale devrait être livrée début 2025.
Selon Newmark Research, l'industrie des centres de données connaît une croissance rapide entraînée par les hyperscalers, les utilisateurs d'IA et de HPC, et les grandes entreprises, avec des pipelines de construction atteignant de nouveaux records l'année dernière.
Newmark Group (NMRK) hat eine bedeutende Baufinanzierung in Höhe von 2,3 Milliarden Dollar für ein großes Rechenzentrumprojekt in Abilene, Texas, arrangiert. Die Einrichtung, eine 206 Megawatt (MW) Build-to-Suit-Entwicklung, wird im Auftrag von Blue Owl Capital, Crusoe Energy Systems und Primary Digital Infrastructure entwickelt.
Das Projekt, das 2024 begonnen wurde, ist an ein führendes Tech-Unternehmen vermietet und wird über eine Kapazität von 300 MW vor Ort zur Selbstgenerierung verfügen. JP Morgan hat das Darlehen bereitgestellt, das von Newmarks Schulden- und strukturiertem Finanzierungsteam gesichert wurde. Es wird erwartet, dass die Anfangskapazität Anfang 2025 bereitgestellt wird.
Laut Newmark Research erlebt die Rechenzentrumsbranche ein rasantes Wachstum, das von Hyperscalern, KI- und HPC-Nutzern sowie großen Unternehmen vorangetrieben wird, wobei die Baupipelines im letzten Jahr neue Rekorde erreicht haben.
- Secured major $2.3 billion financing deal for data center development
- Project pre-leased to leading technology company
- 300 MW on-site self-generation capacity enhances facility value
- Strategic location in fast-growing market
- Project aligned with expanding data center industry demand
- None.
Insights
The arrangement of a
The pre-leased nature of the project to a leading technology company significantly de-risks the development, while the massive 206 MW capacity and 300 MW on-site generation capability positions this as a premium asset in the rapidly expanding data center market. The strategic location in Abilene, Texas, known for its favorable power costs and business environment, adds to the project's long-term viability.
For investors, this deal signals Newmark's successful expansion beyond traditional commercial real estate into the high-growth data center sector, which is experiencing unprecedented demand driven by AI and cloud computing needs. The company's ability to secure financing from JP Morgan and work with prestigious partners like Blue Owl Capital enhances their market credibility and could lead to similar high-value mandates in the future.
The technical specifications of this data center project are particularly noteworthy in the context of growing AI computing demands. The 206 MW capacity places this facility among the larger data centers in the U.S., while the 300 MW of on-site self-generation provides important power reliability and potential cost advantages. This oversized power generation capacity offers flexibility for future expansion and ensures operational resilience.
The Abilene, Texas location is strategically significant, offering advantages in power costs, land availability and relative protection from natural disasters. The facility's scale and clean energy capabilities position it well for the increasing compute-intensive workloads associated with AI and machine learning applications, which require both substantial power capacity and reliable infrastructure.
The 'Build-to-Suit' approach with a leading technology company as the tenant suggests the facility will incorporate cutting-edge cooling and power distribution systems optimized for high-performance computing workloads. This type of purpose-built infrastructure is becoming increasingly valuable as traditional data centers struggle to meet the power density requirements of modern AI applications.
The project is leased to a leading technology company and will bring the customer state-of-the art fit-outs in one of
Newmark Research has reported that the data center industry is growing rapidly, fueled by expanding needs of hyperscalers, AI and HPC users and large enterprises. The increased demand has spurred a surge in new development and land banking for future development, with data center construction pipelines hitting new all-time highs last year.
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives. With
About Crusoe Energy Systems
Crusoe is a vertically-integrated AI infrastructure company dedicated to sustainably powered compute. Founded in 2018, Crusoe has dedicated itself to aligning the future of computing with the future of the climate--driving change in advanced computing by taking an "energy-first" approach to AI infrastructure. As builders and operators of clean computing infrastructure, Crusoe reduces both the costs and the environmental impact of the world's expanding digital economy.
About Primary Digital Infrastructure
Primary Digital Infrastructure is led by some of the most experienced leaders in the data center industry, collectively having in excess of 60 years of executive leadership experience. Primary is led by former Digital Realty CEO and Co-Founder Bill Stein, former Managing Director of GI Partners John Sheputis, and former Managing Director of DigitalBridge Peter Hopper.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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SOURCE Newmark Group, Inc.
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