Blue Owl Forms $4 Billion Joint Venture with Chirisa and Machine Investment for Lancaster Campus

Blue Owl Capital has partnered with Chirisa Technology Parks and Machine Investment Group in a $4 billion joint venture to develop AI infrastructure in Lancaster, Pennsylvania. The partnership boosts Blue Owl's funding commitment to $20 billion, supporting over 1GW of developments. The Lancaster campus will feature high-performance computing facilities with nearly double the energy efficiency of traditional data centers and $200 million invested in local power grid improvements.

A significant development in the commercial real estate and technology sectors has been announced with the formation of a $4 billion joint venture between Blue Owl Capital, Chirisa Technology Parks, and Machine Investment Group. This partnership aims to develop advanced AI infrastructure in Lancaster, Pennsylvania, as part of Blue Owl's broader commitment to supporting over 1GW of developments [1].

The joint venture, which includes a $4 billion funding commitment from the partners, will focus on building high-performance computing facilities at the Lancaster campus. These facilities are designed to be nearly twice as energy-efficient as traditional data centers, underscoring the partners' commitment to sustainability [1].

In addition to the AI infrastructure, the partnership has allocated approximately $200 million for improvements to the local power grid in Lancaster. This investment, made in collaboration with PPL Electric Utilities, is aimed at enhancing the region's electric grid to ensure it can support the high demands of the new data center facilities [1].

Blue Owl Capital, known for its extensive experience in real assets and multi-strategy platforms, has expressed its intention to fund up to $20 billion in developments with Chirisa Technology Parks. This expanded partnership reflects Blue Owl's strategy to support high-conviction investments with visionary and creditworthy partners [1].

Chirisa Technology Parks, with over 25 years of experience in digital infrastructure, has a strong track record in delivering high-performance facilities. The Lancaster campus will be a cornerstone development in CoreWeave's rapidly expanding infrastructure footprint [1].

Machine Investment Group, a real estate investment platform, brings a solutions-oriented approach and extensive lender relationships to the partnership. Their focus on opportunistic, distressed, and special situations in diverse geographies complements the other partners' expertise [2].

The Lancaster campus is planned as an innovation hub that will host compute infrastructure dedicated to the latest Artificial Intelligence applications. The facility will be sustainably designed and constructed to stringent environmental standards, with adaptive reuse of existing vacant industrial buildings to accelerate time to market and reduce carbon footprint [1].

The partnership highlights the growing importance of AI infrastructure in driving economic growth and innovation. The new facilities will not only support AI workloads but also create high-quality jobs and educational opportunities for the local community [1].

References:
[1] https://www.globest.com/2025/08/25/joint-venture-deploys-4b-into-coreweaves-lancaster-data-center-project/
[2] https://www.morningstar.com/news/pr-newswire/20250825ne57785/blue-owl-and-chirisa-technology-parks-close-4-billion-joint-venture-partnership-including-machine-investment-group-for-lancaster-campus