Slawomir Krupa Of Societe Generale Provides $600 Million Construction Loan For Data Center In Chester VA
1401 Meadowville Technology Parkway
$600,000,000
$600,000,000/SF
Building Size
1 SF
Asset Type
Industrial
Closing
Dec 13, 2024
AI
The property asset involved in this transaction is a data center located at 1401 Meadowville Technology Parkway in Chester, VA. The lender for this deal is Slawomir Krupa representing Societe Generale, providing a construction loan amount of $600,000,000.
Summary of transaction details:
- Property Type: Data Center
- Transaction Amount: $600,000,000
- Lender: Slawomir Krupa - Societe Generale
- Landlords: Marc Zahr & Doug Ostrover - Blue Owl; Lee Hayes - Chirisa; Douglas Fleit - Powerhouse Data Centers
- Brokers: Jordan Roeschlaub, Jonathan Firestone, Clint Frease, Brent Mayo & Benjamin Kroll - Newmark
This transaction involves key players such as the landlords Marc Zahr, Doug Ostrover, Lee Hayes, and Douglas Fleit, who manage the property, alongside the brokerage team composed of five representatives from Newmark, including Jordan Roeschlaub, Jonathan Firestone, Clint Frease, Brent Mayo, and Benjamin Kroll.
Players
Chester Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93