Chirisa Technology Parks And PowerHouse Data Centers Secure $5 Billion Loan For Industrial Asset

The asset involved in the transaction is an industrial property located in Chester, VA, with a total square footage of 1,000,000. The loan amount secured for this transaction is $5,000,000,000 and it falls under the category of equity. The lenders facilitating this arrangement are Blue Owl, represented by Doug Ostrover and Mark Zahr. The landlords involved in this transaction are Chirisa Technology Parks, with representation from Lee Hayes, and PowerHouse Data Centers, represented by Doug Fleit.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000,000
• Lender: Blue Owl
• Landlord: Chirisa Technology Parks
• Landlord Representative: Lee Hayes
• Landlord: PowerHouse Data Centers
• Landlord Representative: Doug Fleit
• Brokers: Jordan Roeschlaub, Brent Mayo, Chase Tagen, Josh King, and Andrew Warin
• Broker Agency: Newmark
• Date of Transaction: 08/26/2024

Key individuals involved in this equity transaction include Doug Ostrover and Mark Zahr from Blue Owl, who acted as lenders. The developers, Chirisa Technology Parks and PowerHouse Data Centers, were represented by Lee Hayes and Doug Fleit, respectively. The transaction was facilitated by brokers from Newmark, including Jordan Roeschlaub, Brent Mayo, Chase Tagen, Josh King, and Andrew Warin.