A US$2.3 billion loan has been announced for a build-to-suit data center in Abilene, Texas, to Blue Owl Capital. The financing was orchestrated by Newmark Group who is a commercial real estate and service provider. The company works with large institutional investors and global corporations. Blue Owl Capital is also working with Crusoe Energy Systems and Primary Digital Infrastructure to deliver the 206-MW facility. JPMorgan provided the large loan to the developers who have already leased the project to an undisclosed technology company. The project promises to bring state-of-the-art fit-outs in one of the fastest growing markets in the country.
Also Read Meta Plans $10B New AI Data Center in Richland Parish, Louisiana
Details on the Blue Owl Texas Data Center
What’s more, the site is expected to generate 300 MW of on-site power which will enhance its ability to deliver large-scale results. Additionally, because the project is located in Texas, the favourable power costs and business environment is expected to add to the long-term viability of the project according to analysts. Furthermore, the project is expected to meet the increased demand from hyperscalers, high-performance, AI computing users and large enterprises. Following President Trump’s election and his commitment to grow the data center market through the Stargate investment, the market is expected to only increase in size in the coming years.
Project Overview
Location: Abilene, Texas
Developers: Newmark Group, Blue Owl Capital, Crusoe Energy Systems and Primary Digital Infrastructure
Financers: JPMorgan
Capacity: 206 MW
Construction timeline: 2024-2026
Also Read Maranello Announces Luxury Sports Car Facility in Plano, Texas
More on Data Centers in the United States
The returning president recently announced Stargate, a policy that will see companies investing up to US$500 billion in to the AI infrastructure market. Additionally, President Trump announced that he expects over 100,000 jobs to be created during this period. Major market players were present during the announcement including OpenAI CEO Mr.Altman. Oracle’s Chairman Mr. Ellison, who leads the biggest US data center operator and Softbank CEO Mr. Son werealso present.
