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

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FINANCED
$5,000,000,000
Joshua King
Jordan (Jordy) Roeschlaub
+ 2

Virginia

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Industrial1,000,000 SF
Financed 08/26/2024
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Property Image
FINANCED

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

Industrial1,000,000 SF
Financed 08/26/2024
Joshua King
Jordan (Jordy) Roeschlaub
+ 2
Contact now

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$5,000
Total Square Footage:1,000,000 SF
Transaction Type:Loan

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.

Players

Joshua King
115 deals$32.8B volume(212) 850-5427
BROKER

Chase Tagen
Newmark
20 deals$8.7B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
324 deals$97.5B volume
BROKER

Brent Mayo
Newmark
7 deals$22.6B volume(207) 831-2190
BROKER

Andrew Warin
Newmark
5 deals$19.6B volume(703) 232-9311
BROKER

Blue Owl
LENDER

Details

FINANCED
IMAGE: Jordan Roeschlaub, Chase Tagen, Lee Hayes, Brent Mayo, Doug Fleit, Andrew Warin, Joshua King, Mark Zahr & Doug Ostrover DATE: 08/26/2024 MARKET: Chester, VA ASSET TYPE: Industrial ~ SF: 1,000,000 LENDER: Blue Owl - Doug Ostrover & Mark Zahr LANDLORD: Chirisa Technology Parks - Lee Hayes & PowerHouse Data Centers - Doug Fleit BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Brent Mayo (@BMayo16), Chase Tagen, Josh King & Andrew Warin - Newmark (@Newmark) LOAN AMOUNT: $5,000,000,000 LOAN TYPE: Equity

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,000,000,000.00

Monthly NOI$33,333,333.33
Monthly Debt Service$31,603,401.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00