Newmark Arranges $600 Million Construction Loan for Data Center in Northern Virginia

MT Newswires Live

2024/12/13

Newmark (NMRK) said Friday it has arranged a $600 million loan for a 50 megawatt data center project by Blue Owl Real Estate, Chirisa and PowerHouse Data Centers in Northern Virginia.

The project broke ground earlier this year and is slated to deliver initial capacity in 2025, Newmark said, adding the loan was provided by a group of lenders led by Societe Generale.

Price: 14.72, Change: -0.14, Percent Change: -0.94

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