Newmark launches Data Center and Digital Infrastructure practice group, hires Brent Mayo
Thu 17 Aug 2023
Commercial real estate adviser Newmark has announced the expansion of its Capital Markets services with the launch of the Data Center and Digital Infrastructure practice group. In tandem, Newmark has hired Brent Mayo as Executive Managing Director to anchor the practice group.
“Newmark is committed to adding best-in-class personnel, with a focus on the areas where clients need guidance and where there is an opportunity to hire experts in those spaces, underpinning our growth trajectory and the talent we’ve amassed,” said Chad Lavender, President of Capital Markets for North America at Newmark.
The data centre market has experienced remarkable growth and insatiable demand, and with advancements in generative AI and ML, this growth is expected to surpass the current estimated projection of a 10% compound annual growth rate (CAGR) through 2030, propelling the sector even further.
“As digital infrastructure and data centres have become increasingly relevant in today’s global digital economy, we are excited to broaden Newmark’s reach with an industry leader and professional of Brent’s esteem, which significantly enhances our capabilities in an asset class as important as Capital Markets Data Centers and Digital Infrastructure,” added Lavender.
Brent Mayo, based in the New York City headquarters, specialises in capital formation, financings, asset sales and platform advisory. In his new role, Mayo will work with Newmark’s Capital Markets advisors on capital formation, financing and asset and portfolio sales, and alongside the firm’s Data Center Consulting Group advisors, leading the market in data centre strategies, valuation and advisory, management, evaluation and performance.
Throughout his career, Mayo has been involved in some of the most significant data center and digital infrastructure deals in the last decade, including CyrusOne’s $16 billion sale to KKR and GIP, ODATA’s multibillion-dollar sale to Aligned Data Centers; AtlasEdge’s formation and subsequent acquisition of DataCenter One; and Data Foundry’s sale to Switch data centres. Mayo joins Newmark from DH Capital, a division of Citizens, an investment bank solely focused on data centres and digital infrastructure.
“Newmark’s demonstrated success across nearly all real estate verticals and asset classes, coupled with its commitment to growing in the digital infrastructure space, created a unique opportunity to serve our clients in a rapidly evolving sector,” said Mayo. “I look forward to partnering with the talent at Newmark and building on the platform’s success and momentum as we expand and accelerate the firm’s best-in-class capabilities in the Data Center and Digital Infrastructure space.”
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