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Newmark Advises on $4 Billion Data Center Joint Venture in Pennsylvania
NEW YORK, Aug. 27, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service
About this update from Newmark Group, 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.\n\n \n \n \n \n \n \n\n \nA Newmark team including Andrew Warin, Josh King, Adam Doneger and Brent Mayo represented the joint venture, with oversight from Jordan Roeschlaub and Doug Harmon.\nThe 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.\nThe 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.\nAbout NewmarkNewmark 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 June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.\nDiscussion of Forward-Looking Statement...