Newmark Secures 4.2M Sq Ft Leasing Mandate, Advises on $2B T5 Data Center Raise
Newmark won exclusive leasing and management rights for a 66-building, 4.2 million-square-foot office and flex portfolio across Wayne, Malvern, Exton and Horsham, with occupancy at 85% in Chester County and 92% in Horsham. Newmark is advising T5 Data Centers on a $2 billion equity raise to fund AI infrastructure expansion.
1. Exclusive Leasing Assignment in Philadelphia
Newmark has been awarded an exclusive leasing and management assignment for a 66-building, 4.2 million-square-foot flex and office portfolio in key suburban Philadelphia markets—Wayne, Malvern, Exton and Horsham. The firm will provide integrated leasing, property management and project delivery services, leveraging an on-site team of nearly 20 professionals to drive leasing momentum in assets with current occupancies of 85% in Chester County and 92% in Horsham.
2. Advisory Role on $2 Billion T5 Equity Raise
Newmark is advising T5 Data Centers on a planned $2 billion equity raise aimed at funding additional AI infrastructure sites. This engagement underscores Newmark’s growing presence in capital markets for technology real estate, reinforcing its role in structuring financing for large-scale data center developments.