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Newmark Group Inc. (NASDAQ: NMRK) has expanded its capital markets services with the launch of the Data Center and Digital Infrastructure practice group.

In launching the new practice group, Newmark stated the data center market is expected to surpass the current estimated projection of a 10% compound annual growth rate through 2032.

“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 President of Capital Markets for North America Chad Lavender.

Newmark has hired Brent Mayo as executive managing director of the practice group. He joins the company from DH Capital, a division of Citizens, an investment bank solely focused on data centers and digital infrastructure.

“As digital infrastructure and data centers 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.

Photo of Brent Mayo courtesy of Newmark