Business
Newmark Advises on $4 Billion Data Center Joint Venture in Pennsylvania
Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, announces that the Company advised Blue Owl Capital, Chirisa Technology Parks and Machine Investment Group in a $4 billion joint venture supporting development of a state-of-the-art AI data center campus in Lancaster, Pennsylvania.
About this update from Blue Owl Capital Inc.
[{"type":"text","content":"NEW YORK, Aug. 27, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, announces that the Company advised Blue Owl Capital, Chirisa Technology Parks and Machine Investment Group in a $4 billion joint venture supporting development of a state-of-the-art AI data center campus in Lancaster, Pennsylvania.","length":452,"tagName":"p"},{"type":"image","alt":"Newmark Group, Inc. (PRNewsfoto/Newmark Group, Inc.)","displaySize":"","headline":null,"caption":"Newmark Group, Inc. (PRNewsfoto/Newmark Group, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":63,"url":"https://media.zenfs.com/en/prnewswire.com/0910291012f8767c74bdad6f50603da1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/p0hz2FxruQESwdfya5ym4w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0910291012f8767c74bdad6f50603da1","width":400,"height":63}},"href":"https://mma.prnewswire.com/media/1057994/Newmark_Group_Logo_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"A Newmark team including Andrew Warin, Josh King, Adam Doneger and Brent Mayo represented the joint venture, with oversight from Jordan Roeschlaub and Doug Harmon.","length":163,"tagName":"p"},{"type":"text","content":"The funding supports a long-term lease with a leading cloud computing company for its expanding national network of high-density GPU infrastructure, positioning the Lancaster development as a key Mid-Atlantic hub for AI workloads. The transaction extends Blue Owl's development partnership with Chirisa Technology Parks to a total of $20 billion, encompassing more than one gigawatt of capacity across Pennsylvania and Virginia.","length":432,"tagName":"p"},{"type":"text","content":"The Lancaster facility is one of several strategic hyperscale developments backed by institutional capital across key economic corridors. The campus will include repurposed industrial facilities and newly constructed high-density data centers designed for AI-intensive applications. The transaction represents a continuation of Newmark's advisory role in major digital infrastructure initiatives across North America.","length":421,"tagName":"p"},{"type":"text",...