Newmark Advises on $4 Billion Data Center Joint Venture in Pennsylvania

Rhea-AI Summary

Newmark (NASDAQ:NMRK) has successfully advised on a $4 billion joint venture for an AI data center campus development in Lancaster, Pennsylvania. The deal involves Blue Owl Capital, Chirisa Technology Parks, and Machine Investment Group.

The project secured a long-term lease with a major cloud computing company and will serve as a crucial Mid-Atlantic hub for AI workloads. This transaction expands Blue Owl's partnership with Chirisa Technology Parks to $20 billion total investment across Pennsylvania and Virginia, with over one gigawatt of capacity. The Lancaster facility will feature both repurposed industrial facilities and new high-density data centers specifically designed for AI applications.

Positive

• Secured major $4 billion joint venture advisory role in AI data center development
• Expanded Blue Owl-Chirisa partnership to $20 billion total investment capacity
• Secured long-term lease with leading cloud computing company
• Strengthens Newmark's position in digital infrastructure advisory services

Negative

• None.

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.

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.

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.

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.

About Newmark
Newmark 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.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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SOURCE Newmark Group, Inc.

FAQ

What is the value of the AI data center joint venture advised by Newmark (NMRK)?

Newmark advised on a $4 billion joint venture for an AI data center campus development in Lancaster, Pennsylvania.

Who are the partners in Newmark's Lancaster data center joint venture?

The joint venture partners include Blue Owl Capital, Chirisa Technology Parks, and Machine Investment Group, with Newmark serving as advisor.

What is the total investment capacity of Blue Owl's partnership with Chirisa Technology Parks?

The partnership between Blue Owl and Chirisa Technology Parks now totals $20 billion, covering more than one gigawatt of capacity across Pennsylvania and Virginia.

Where will Newmark's advised AI data center campus be located?

The AI data center campus will be located in Lancaster, Pennsylvania, serving as a key Mid-Atlantic hub for AI workloads.

What type of facilities will the Lancaster data center campus include?

The campus will include repurposed industrial facilities and newly constructed high-density data centers specifically designed for AI-intensive applications.