Newmark Groups Together with Partners in $4 Billion AI Data Center Venture in Pennsylvania

Newmark's Groundbreaking $4 Billion AI Data Center Initiative

In a significant leap for commercial real estate, Newmark Group, Inc. has announced its advisory role in a substantial $4 billion joint venture aimed at developing a state-of-the-art AI data center campus in Lancaster, Pennsylvania. This project is a collaboration between Newmark and prominent investors such as Blue Owl Capital, Chirisa Technology Parks, and the Machine Investment Group.

Key Players and Their Roles

Newmark's accomplished team, which includes Andrew Warin, Josh King, Adam Doneger, and Brent Mayo, has been instrumental in representing the joint venture. Under the guidance of Jordan Roeschlaub and Doug Harmon, they have effectively coordinated this ambitious project that not only highlights Newmark's expertise in commercial real estate but also its commitment to fostering advancements in technology.

Strategic Investment and Long-term Goals

The funding from this joint venture will facilitate a long-term lease arrangement with a leading cloud computing company, which aims to fortify its national infrastructure in high-density GPU resources. This partnership positions Pennsylvania as a strategic Mid-Atlantic hub for the growing AI workload needs, reflecting a growing demand for advanced data processing capabilities.

The collaboration between Blue Owl and Chirisa Technology Parks has now reached an impressive $20 billion in development partnerships, yielding over one gigawatt of capacity spread across Pennsylvania and Virginia. This underscores a monumental shift towards scaling data infrastructure to meet the growing needs of artificial intelligence and machine learning applications.

Infrastructure Design and Development

The Lancaster facility is set to emerge as a frontrunner among several hyperscale development projects supported by institutional capital across vital economic corridors. The planned campus will integrate repurposed industrial facilities with newly constructed high-density data centers that are being specifically designed to cater to AI-intensive applications. This approach not only maximizes resource efficiency but also adheres to sustainable development practices.

Newmark's Ongoing Role in Digital Infrastructure

This venture exemplifies Newmark’s dedication to supporting major digital infrastructure initiatives across North America. The firm continues to lead in providing advisory services that leverage advanced technological capabilities to serve clients from various sectors, thereby fueling economic growth and innovation.

About Newmark

Founded as a leading commercial real estate advisory firm, Newmark Group, Inc. (Nasdaq: NMRK) has made its mark by seamlessly powering every phase of the property life cycle. The company is adept at navigating diverse property markets, providing clients like owners, occupiers, investors, and startups with tailored services that meet their unique needs. During the fiscal year ending June 30, 2025, Newmark reported revenues exceeding $2.9 billion, solidifying its standing in the industry.

In conclusion, Newmark's pivotal involvement in the $4 billion AI data center venture not only marks a significant investment in the future of technology but also showcases its ability to adapt and thrive in an ever-evolving commercial landscape. As the digital world expands, Newmark remains at the forefront, ready to meet the challenges and opportunities that lie ahead.