GAINESVILLE, VA. — Newmark has arranged $975 million in financing for Project Helios, a newly delivered data center development in Northern Virginia. According to national media reports, the data center project is situated within the Gainesville Data Center campus in Prince William County. Jordan Roeschlaub, Christopher Kramer, Chris Lozinak, John Caraviello, Ryan Bub, Andrew Warin and Phil O’Bannon of Newmark arranged the financing through Blue Owl Capital on behalf of the borrower, a joint venture between Affinius Capital and Corscale Data Centers. Project Helios was fully leased at the time of financing to an unnamed cloud service provider under a long-term lease, according to Newmark.
CARLSTADT, N.J. — Cresa has negotiated a 249,640-square-foot data center lease in the Northern New Jersey community of Carlstadt. The tenant was not disclosed. The deal is for the entirety of the building at 600 Commerce Blvd., which was originally constructed in 2008 for a major banking institution. Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch of Cresa represented the landlord, local owner-operator Russo Development, in the lease negotiations.
By Rives Taylor, principal, global resilience research lead, Gensler Texas is experiencing rapid growth in data center development as part of a broader push to support artificial intelligence (AI) ventures that have transformed digital infrastructure into a magnet for capital. As noted in Gensler’s recent Design Forecast, these assets demand abundant land, power and connectivity, making the region a natural fit for long-term growth in digital and industrial real estate. However, these facilities also require reliable access to significant water resources to support cooling systems that are essential for maintaining uninterrupted operations. As development increases, so do the needs for resources, and Texas lacks a consistent policy requiring operators to report essential metrics such as water use, energy consumption or cooling loads. This lack of transparency limits the ability of policymakers, communities and design professionals to fully understand the environmental impact of one of the state’s fastest-growing industrial sectors. With rising pressure on water supplies and power systems, the need for clearer reporting standards and more forward‑looking design approaches is becoming increasingly urgent. A recent white paper by the Houston Area Research Center (HARC), found that “without modernized planning and policy updates, the state faces a collision between finite water …
TEMPLE, TEXAS — Rowan Digital Infrastructure, a Denver-based data center owner-operator backed by Blackstone (NYSE: BX), has received $3 billion in construction financing for a new, 700-acre hyperscale campus in the Central Texas city of Temple. The facility could account for the creation of approximately 600 construction jobs and up to 40 permanent jobs. Rowan broke ground on the first phase of the 300-megawatt (MW) project earlier this year and expects construction to last 12 to 18 months. The names of the debt providers were not disclosed, but local media outlet KDH News reports that the deal represents “the largest financing transaction in the company’s history” since its founding in late 2020. According to the Temple Daily Telegram, the campus is located at 1855 Bob White Road on the city’s east side and has a Phase I price tag of $700 million. The local publication also reports that the site will not require the development of additional electrical infrastructure and that the facility will have a water recirculation system that will reduce stress on the regional water supply. “Securing this financing is a major moment for Rowan and reflects a significant level of trust from the industry’s largest capital providers,” says …
NEW FLORENCE, MO. — Google has unveiled plans to invest $15 billion in building infrastructure in New Florence, about 75 miles west of St. Louis. The data center project will create thousands of construction jobs over the build period and hundreds of direct operational roles once the facility is up and running. Google is collaborating with the Construction Laborers and Contractors Joint Training Fund of Eastern Missouri to support the Laborers and Contractors Training Center. The project will enable the center to train more than 2,300 construction laborers, including 1,500 apprentices, over the next two years. In accordance with Missouri’s consumer protections in Senate Bill 4, which Gov. Kehoe signed into law in 2025, Google will continue to pay for 100 percent of the power the data center uses and any new infrastructure costs that are directly driven by its operations. To date, Google has contracted to bring more than one gigawatt of new generation capacity to Missouri, and through its partnership with Ameren, the company is supporting the development of more than 500 megawatts of additional capacity. To further address energy affordability, Google has also announced a $20 million Energy Impact Fund to support programs that drive down monthly …
AVONDALE, ARIZ. — Prime Data Centers, a Dallas-based developer and operator of hyperscale and purpose-built data centers, has broken ground on the first three facilities at PHX01, a five-building data center campus in Avondale. The 66.5-acre park sits roughly 19 miles west of Phoenix via I-10. Each data center at PHX01 will span 267,000 square feet and offer 48 megawatts (MW) of critical IT load capacity. The 1.3 million-square-foot campus will offer 240MW of total critical power upon completion. “Breaking ground on PHX01’s first three buildings is a defining moment for Prime’s partnership with Avondale and for the greater Phoenix region,” says Michael Wall, executive vice president of product delivery at Prime Data Centers. “This first phase represents the beginning of a long-term investment in Avondale, and the infrastructure we are putting in place today is built to scale alongside the demands of our customers for years to come.” An undisclosed hyperscale user has committed to leasing the first three buildings for which construction is underway at PHX01. Prime Data Centers is marketing Buildings 4 and 5 to single or multi-tenant hyperscale users. “This more than $3 billion investment by Prime with its customers investing an average 2X more represents a …
DE SOTO, KAN. — Beale Infrastructure, a San Francisco-based owner-operator of data centers and other tech infrastructural properties, has unveiled plans for Project Pilot, a $3 billion data center campus in De Soto, about 30 miles west of Kansas City. Construction of the first phase is set to begin in May. According to Beale, the project, which is ultimately planned to feature four buildings totaling approximately 1 million square feet, represents the first hyperscale data center to be announced in the state of Kansas. The company also stated that the project would add “hundreds” of construction jobs and 50 permanent operational roles to the local economy. Beale has partnered with local utility provider Evergy to provide power for the campus and facilitate infrastructural development. An end user was not announced, but Beale said that upon completion, the campus would “host a large technology company contracted via a long-term lease.” According to Data Center Dynamics (DCD), affiliates of Beale first purchased the 290-acre site last fall, around the same time that the City of De Soto approved construction. DCD also reports that the city “approved property tax and sales tax exemptions on up to $50 billion in industrial revenue bonds, which …
SALINE TOWNSHIP, MICH. — Data center development and investment platform Related Digital has secured financing for Oracle’s $16 billion project in Saline Township, roughly 50 miles southwest of Detroit. Originally announced in October 2025, the development is being built for Oracle (NYSE: ORCL) as part of its partnership with OpenAI, an artificial intelligence (AI) research firm and operator best known for ChatGPT. In September 2025, OpenAI, Oracle and Softbank announced plans for the development of five new data centers as part of a $500 billion Stargate initiative. Financing for the project includes equity from Related Digital and funds affiliated with Blackstone (NYSE: BX), as well as fixed-rate, long-term financing from PIMCO (Pacific Management Investment Co.)-managed funds and accounts. Bank of America served as the structuring agent and financial advisor, and Goldman Sachs and Wells Fargo are acting as advisors to Related Digital. According to Related Digital, the new Michigan data center will create 2,500 construction jobs, as well as 450 permanent onsite positions and 1,500 permanent jobs throughout the county. The project will also preserve 750 acres of open space, farmlands and wetlands. DTE Energy is fully supplying power for the project, using existing resources and a new battery storage investment financed entirely by …
LIBERTY, MO. — Metrobloks, a developer of AI-ready, low-latency data center infrastructure in major metropolitan markets, has formed a joint venture with Lincoln Property Co., a full-service real estate firm with an established data center platform. The partnership will focus on the co-development of a high-performance data center campus in Liberty within metro Kansas City. The newly acquired site totals 30 acres and is already zoned and powered for data center use. It sits within 10 miles of the GPC Missouri Internet Exchange Point. Plans call for a multi-phase, 568,000-square-foot campus designed to support hyperscale, AI and enterprise data center workloads, with flexibility to scale over time beyond the initial 150MW total utility power.
BEDINGTON, W.VA. — Penzance plans to develop a $4 billion data center campus in Bedington, a city in Berkeley County on the east side of West Virginia. The 600-megawatt (MW) hyperscale campus will be situated on 548 acres and will span 1.9 million square feet at full build-out, with the ability to scale further to meet future demand. Penzance made the announcement last week in the West Virginia State Capitol with Gov. Patrick Morrisey and other state and local government staffers. The Berkeley County site marks the first high-impact data center project approved under West Virginia’s House Bill 2014. Penzance plans to begin construction before the end of the year, with delivery of the first megawatts of capacity targeted for the end of 2028. In addition to the Bedington project, Penzance recently broke ground on a 45 MW, 240,000-square-foot data center in Chantilly, Va.
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