Newmark Group has arranged a $600 million loan to capitalize a 50-megawatt build-to-suit data center development by Blue Owl Real Estate, Chirisa and PowerHouse Data Centers in Northern Virginia.
“This transaction reflects the continued appetite for innovative, large-scale digital infrastructure solutions in key markets,” said Jordan Roeschlaub, co-president of global debt and structured finance, who arranged the financing. “This project underscores the critical role of Northern Virginia in supporting the growth of AI and hyperscale cloud applications due to its advanced facilities, robust connectivity and strategic location. It also highlights the resilience of the data center sector as a cornerstone of today’s global economy.”
Leased to leading hyperscale graphics processing unit provider CoreWeave, the project is located within the 300-plus-acre Chirisa Technology Park in Richmond, offering supplemental mission-critical capacity within one of its most c
