Kimberly L. McGrath, P.C.

Recent Data Center Transactions

• Represented Blue Owl in $15 billion joint venture with Crusoe Energy Systems for the development of a 1.2 GW AI data center campus comprised of eight buildings and a total of 32 data halls, located in Abilene, Texas, and long-term leased to a Fortune 100 hyperscaler tenant, together with construction loan financing totaling $9.4 billion of proceeds.
• Represented CoreWeave (Nasdaq: CRWV) in its pending $9 billion acquisition of Core Scientific (Nasdaq: CORZ), a provider of data center infrastructure.
• Represented Blue Owl in $1.2 billion joint venture with a hyperscaler for the development of a data center campus with expected capacity up to 42 MW, located in New Jersey. The data center is long-term leased to a hyperscaler.
• Represented confidential funds and global infrastructure investment firm in a $755 million fixed rate, CMBS mortgage loan for three data center properties located in Northern Virginia.
• Represented Blue Owl in a $610 million construction loan for development of a 50 MW AI/HPC data center located in Northern Virginia, leased to CoreWeave Inc.
• Represented CyrusOne in $687 million CMBS loan for a data center located in Texas.
• Represented CyrusOne on a $7.9 billion U.S. warehouse facility and $1.8 billion revolving credit facility, bringing the total debt capital raised to approximately $9.7 billion.
• Represented the acquiring consortium and KKR in the $15 billion all-cash acquisition of CyrusOne Inc. (Nasdaq: CONE).

Recent Real Estate Transactions

• Represented Bridge Industrial in a $430 million CMBS refinancing of two warehouse and distribution facilities in Rancho Cucamonga, California.
• Represented a private equity real estate firm in the closing of a $900 million credit facility, which will be used to finance the firm’s acquisition of triple-net leased commercial real estate throughout the U.S. and Canada.
• Represented a real estate operating company and investment manager focused on the development and acquisition of industrial properties in the U.S. and Europe, in a comprehensive reorganization of its company structure that created separate platforms for its fee-based management services and real estate equity holdings.
• Represented Blue Owl in its $15 billion acquisition together with GIC of STORE Capital Corporation (NYSE: STOR).
• Represented Borrower in its $1.2 billion refinancing of a portfolio of extended stay hotels.
• Represented StorageMart in its acquisition and financing of Manhattan Mini Storage. The purchase of Manhattan Mini Storage includes the entirety of the company's 18 self-storage real estate locations throughout Manhattan.
• Represented Washington Prime Group in its Chapter 11 restructuring, including modifying over $1 billion of secured loans, negotiating modifications with its lead joint venture partner on over $1 billion of assets to prepare for the Chapter 11 filing and negotiating a DIP financing and pre-arranged corporate level financing for the emergence of the company.
• Represented a real estate private equity firm in a $1.2 billion real estate financing of industrial properties throughout the US.
• Represented a real estate private equity firm in a $740 million CMBS financing of a portfolio of 100 industrial properties throughout the US.
• Represented a private hotel company in connection with its $730 million CMBS first mortgage and mezzanine financing secured by 30 hotels located throughout the U.S.
• Represented a private equity firm in $151 million financing of 7 office properties located in Texas, California and Virginia.
• Represented Aeroterm US in its acquisition of more than 120 airport logistics assets located in the United States and Canada for approximately $900 million.
• Represented a U.S. real estate investment firm in connection with its $340 million acquisition of the Standard Highline Hotel in New York, New York.
• Represented a U.S. real estate developer in connection with its $102 million first mortgage construction financing for a 41-story ground up multifamily high rise located in Seattle, Washington.
• Represented a private hotel company in connection with its $750 million first mortgage and mezzanine financing secured by 29 hotels.