Newmark Group has arranged a $2.3 billion loan to capitalize a 206 megawatt, build-to-suit data center development in Abilene, Texas, on behalf of Blue Owl Capital, Crusoe Energy Systems and Primary Digital Infrastructure.
The loan was provided by JP Morgan.
The project is leased to a leading technology company and will bring customers state-of-the art fit-outs in one of the United States’ fastest growing markets. The site also will boast 300 megawatts 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 industr