Newmark Group, Inc. a commercial real estate company, has arranged a US$ 975 million financing for Project Helios, a newly completed hyperscale campus in Northern Virginia’s established digital infrastructure corridor. Project Helios is developed by Corscale Data Centers, the data center platform of Affinius Capital.
According to a press release, the facility was designed to support cloud computing, artificial intelligence and other high-density computing workloads. The property is fully leased to an entity only identified as an “investment-grade cloud service provider” under a long-term agreement.
Christopher Kramer, Vice Chairman, Newmark, said, “This transaction reflects continued institutional conviction in digital infrastructure, particularly in Northern Virginia, where demand is driven by unmatched connectivity, scale and proximity to end users, high-quality assets in established hyperscale ecosystems, leased to investment-grade tenants, are drawing strong interest from capital providers.”
The financing was provided by Blue Owl, Newmark represented the borrower, a joint venture between Affinius Capital and Corscale Data Centers. The Newmark team was led by Jordan Roeschlaub, Co-Head of Global Debt & Structured Finance at Newmark, Christopher Kramer, Vice Chairman at Newmark, Chris Lozinak, Managing Director at Newmark, John Caraviello, Managing Director at Newmark, and Ryan Bub, Associate Director at Newmark. They were joined by Andrew Warin, Head of Strategic Advisory, Newmark, and Phil O’Bannon, Head of Infrastructure, Newmark.
Northern Virginia remains one of the largest data center markets globally, supported by extensive fiber connectivity, access to power infrastructure and the concentration of multiple hyperscale facilities with investment-grade tenants from cloud and technology companies in the region.