NEW
YORK, Jan. 22, 2025 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading
commercial real estate advisor and service provider to large
institutional investors, global corporations, and other owners and
occupiers, announces the firm has arranged a $2.3 billion loan to capitalize a 206 megawatt
(MW), Build-to-Suit data center development in Abilene, Texas on behalf of Blue Owl Capital,
Crusoe Energy Systems and Primary Digital Infrastructure. The
financing was secured by Newmark Co-President of Global Debt &
Structured Finance Jordan
Roeschlaub, Vice Chairman Clint
Frease and Managing Director Ben Kroll in collaboration with Head of
Data Center Capital Markets Brent
Mayo. The loan was provided by JP Morgan.
The project is leased to a leading technology company and will
bring the customer state-of-the art fit-outs in one of the United States' fastest growing markets.
The site will also boast 300 MW of on-site self-generation,
furthering the ability for the sponsorship to deliver large scale,
clean capacity to its customers. The development broke ground in
2024 and is expected to deliver initial capacity in early 2025.
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 $235 billion in assets under management as of
September 30, 2024, we invest across
three multi-strategy platforms: Credit, GP Strategic Capital, and
Real Estate. Anchored by a strong permanent capital base, we
provide businesses with private capital solutions to drive
long-term growth and offer institutional investors, individual
investors, and insurance companies differentiated alternative
investment opportunities that aim to deliver strong performance,
risk-adjusted returns, and capital preservation. Together with over
1,050 experienced professionals, Blue Owl brings the vision and
discipline to create the exceptional. To learn more, visit
www.blueowl.com.
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 $2.6 billion. As of
that same date, Newmark's company-owned offices, together with its
business partners, operated from nearly 170 offices with more than
7,800 professionals around the world. To learn more,
visit nmrk.com or follow @newmark.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/newmark-arranges-2-3-billion-construction-financing-for-206-mw-build-to-suit-data-center-302357767.html
SOURCE Newmark Group, Inc.
