NAI Emory Hill Represents Luxor Technology in 20,500 SF Lease
New Castle, DE [September 30, 2025] – NAI Emory Hill Senior Associates Rich Dudek, SIOR, and Tim Plemmons recently represented Luxor Technology in a 20,500 square-foot industrial lease at 312 Cherry Lane, New Castle, DE 19720, within Riveredge Industrial Park.
The leased space offers 15-16′ ceiling heights, four loading docks, two drive-in doors, minimum 800 amp, 3-phase power, and a 100′ deep truck court, providing the functionality Luxor required for its operations.
Luxor Technology is a global leader in bitcoin mining and compute power. The company delivers vertically integrated software and services that transform hashrate into a tradable, transparent digital commodity.
The transaction moved quickly, with the NAI Emory Hill team working closely with Luxor to secure the space on an accelerated timeline while meeting all the client’s requirements.
Luxor expressed appreciation for the guidance and responsiveness of Dudek and Plemmons during the process. “Despite the short notice, we managed a quick one-day trip to New Castle and secured a property. After two more weeks of coordinating with our team in China and working through details with our attorneys, we successfully signed the lease,” said Roy Russ, Logistics at Luxor Technology. “[Their] professionalism and patience throughout the entire process were invaluable. Thank you again for being such steady partners during a hectic time.”
CBRE’s Industrial Team – Dan Reeder, Colby Reeder, and Dan Rattay – served as the owner’s representatives, helping to facilitate and negotiate this fast-paced transaction.
About NAI Emory Hill
NAI Emory Hill has been providing full-service commercial real estate support for businesses throughout the Mid-Atlantic and developing wealth-building strategies for investors since 1981. Today, the Emory Hill Companies continue to provide comprehensive real estate services to the Mid-Atlantic region including commercial brokerage, construction, property management, maintenance, and residential real estate services. In 1997, our brokerage services division aligned with NAI Global, the world’s largest managed network of real estate service providers.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com