David Rosenberg, Kim McGrath, Kevin Donahue, Zach Weber, Max Baird, Kate Plonsker, Melissa Kalka, Ben Hardison, Reese Gwin
January 24, 2026
Kirkland Advises CyrusOne on Securing a $687.1 Million Commercial Mortgage-Backed Security

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AI-made summary
- Kirkland & Ellis advised CyrusOne on securing a $687.1 million Single Asset Single Borrower Commercial Mortgage-Backed Security (CMBS) loan for its DFW1 data center, marking CyrusOne’s first CMBS issuance
- This transaction increases CyrusOne’s total capital raised in 2024 to $12 billion
- The DFW1 data center, serving over 100 customers, is the first co-location/enterprise data center single asset single borrower securitized financing since 2008.
Kirkland & Ellis advised CyrusOne, a leading global data center developer and operator specializing in delivering state-of-the-art digital infrastructure solutions, on securing a $687.1 million Single Asset Single Borrower Commercial Mortgage-Backed Security (CMBS) loan for CyrusOne’s DFW1 data center, the company’s inaugural CMBS issuance. This transaction brings CyrusOne’s total capital raised this year to $12 billion. The DFW1 data center serves more than 100 customers and is the first co-location/enterprise data center single asset single borrower securitized financing since the financial crisis in 2008. Read CyrusOne’s press release The Kirkland team was led by real estate partners David Rosenberg, Kim McGrath and Kevin Donahue and associates Zach Weber, Max Baird and Kate Plonsker; and corporate partners Melissa Kalka and Ben Hardison and associate Reese Gwin.
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David Rosenberg, Kim McGrath, Kevin Donahue, Zach Weber, Max Baird, Kate Plonsker, Melissa Kalka, Ben Hardison, Reese Gwin
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