Kirkland Advises Blue Owl on $15 Billion Data Center Development

Kirkland & Ellis advised Blue Owl on the closing of the second phase of a $15 billion joint venture with Crusoe Energy Systems to fund the development of a 1.2-gigawatt AI data center campus comprised of eight buildings containing a total of 32 data halls and including 300 MW of on-site power generation, located in Abilene, Texas. The campus is 100% long-term leased to a Fortune 100 hyperscaler tenant and is financed with construction loans arranged by JPMorgan Chase.

The Kirkland team included real estate lawyers David Rosenberg, Andy Van Noord, Kim McGrath, Tam Ho, Sarkis Haroutunian, Kevin Donahue, David Arbus, Robin Basu, Sam Hemmer, Kate Plonsker, Hayden Steves and Michael Pattis; debt finance lawyers Roald Nashi and Linda Zang; and real assets lawyers Pat Corrigan, Ahmed Alrikhaimi and Ryan Chastain.