Penzance secured construction financing and broke ground on Chantilly Premier, a 100% leased powered shell located in Northern Virginia. The project benefits from exceptional connectivity to fiber and power infrastructure in the world’s largest data center market.
Cushman & Wakefield served as the exclusive advisor to the borrower in securing the financing from QuadReal Property Group. A Cushman & Wakefield Equity, Debt & Structured Finance team of Marshall Scallan, Michael Zelin, and Bindi Shah represented the borrower in the transaction.
“Penzance is excited to break ground on this project, which will deliver critical digital infrastructure in the world’s largest and most important data center market. We continue to advance our development pipeline and scale our platform in the data center industry, which reflects our commitment to the sector and the strength of this core data center market,” said Cristopher White, Partner at Penzance.
