Blue Owl Capital And Crusoe Energy Systems Secure $2.3 Billion Loan From JP Morgan For Data Center Project In Abilene

The property asset involved is a development site located at 5502 Spinks Road in Abilene. It encompasses a total square footage of 998,000 and is categorized as a data center project. The loan amount secured for this asset is $2,300,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,300,000,000
• Address: 5502 Spinks Road
• Market: Abilene
• Asset Size: 998,000 SF
• Lender: JP Morgan
• Landlords: Doug Ostrover & Marc Lipschultz - Blue Owl Capital; Chase Lochmiller - Crusoe Energy Systems; Bill Stein - Primary Digital Infrastructure
• Brokers: Benjamin Kroll, Brent Mayo, Clint Frease & Jordan Roeschlaub - Newmark

This transaction is notable as Blue Owl Capital, Crusoe Energy Systems, and Primary Digital Infrastructure secured the substantial loan from J.P. Morgan to fund a 206 MW data center project. Oracle has committed to a long-term lease for the two-building facility, which will incorporate AI-focused infrastructure and renewable energy, with expected occupancy set for late 2025.