Marc Lipschultz And Doug Ostrover Provide $975 Million Refinance For Mission-Critical Data Center In Gainesville
Virginia
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The asset involved is an industrial property located in Gainesville, VA, comprising a total square footage of 482,223. The transaction is characterized by a loan amount of $975,000,000, structured as a refinance for a newly constructed, mission-critical data center that is fully leased to a leading cloud service provider, situated within a premier hyperscale campus.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $975,000,000
- Lender: Marc Lipschultz & Doug Ostrover
- Landlord: Len O'Donnell, Robert Fields
- Landlord's Representative: Jordan Roeschlaub, Christopher Kramer, Chris Lozinak, John Caraviello & Ryan Bub - Newmark
- Loan Type: Refinance
This transaction involved key individuals such as Marc Lipschultz and Doug Ostrover, who served as the lenders. The landlords, Len O'Donnell and Robert Fields, were represented in the deal by a team from Newmark, including Jordan Roeschlaub, Christopher Kramer, Chris Lozinak, John Caraviello, and Ryan Bub.
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