Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Newmark Arranges $975M for Northern Virginia Data Center
Newmark has arranged a $975 million balance sheet financing for Project Helios, a newly constructed, state-of-the-art data center in Northern Virginia.
Newmark Co-Head of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Christopher Kramer, Managing Directors Chris Lozinak and John Caraviello and Associate Director Ryan Bub, alongside sector specialists Andrew Warin, Head of Strategic Advisory, and Phil O’Bannon, Head of Infrastructure, represented the borrower, a joint venture between Affinius Capital and Corscale Data Centers. Blue Owl provided the financing.
The property is a newly delivered, mission-critical data center within one of Northern Virginia’s data center campuses, surrounded by multiple investment-grade hyperscale tenants. The asset is 100% leased to a leading, investment-grade cloud service provider under a long-term lease. “This transaction reflects continued institutional conviction in digital infrastructure, particularly in Northern Virginia, where demand is driven by unmatched connectivity, scale and proximity to end users,” said Kramer.
