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1401 Meadowville Technology...

Slawomir Krupa Of Societe Generale Provides $600 Million Construction Loan For Data Center In Chester VA
FINANCEDIndustrial

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:

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

Benjamin Kroll

Newmark

Broker

$14.6B

vol

13 deals

Broker
Societe Generale
Societe GeneraleLender

Chester Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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