NEW YORK (September 16, 2025) – Holland & Knight advised affiliates of Chirisa Technology Parks (CTP), a developer, owner and operator of data center assets focused on large-scale enterprise and hyperscale deployments, in a joint venture partnership with funds managed by Blue Owl Capital and Machine Investment Group to include $4 billion of funding for the previously announced CoreWeave developments in Lancaster, Pennsylvania.
The CTP Lancaster campus is planned as an innovation hub that will host infrastructure dedicated to the latest artificial intelligence (AI) applications, and will join CoreWeave's expanding global network of AI data centers. CoreWeave has invested in the campus and will lease the site as part of its commitment to building future-ready AI infrastructure hubs in the regions that need them most – across America's critical economic corridors, including the Mid-Atlantic, which this facility will serve.
Blue Owl stated its intention to fund up to $20 billion of developments for CTP, extending the existing partnership between the two groups, which currently supports almost half a gigawatt of new developments underway in Virginia and Pennsylvania.
Headquartered in Richmond, Virginia, Chirisa Technology Parks is focused on the rapid delivery of high performance, leading-edge facilities to support hyperscale, HPC and AI customers across North America and Europe.
Holland & Knight Partners Michael Jo and Jeffrey Page (Real Estate) led the Firm's representation of CTP. They were assisted by Partner Christopher Camarra and Associates Daniel Carlin, Albert Singer, Dalton Miller and Allyson Dillon (Real Estate); and Partner Mark Melton (Tax).
More information on the joint venture can be found here.