C
HANTILLY, Va. – Penzance, a Washington, D.C. real‑estate investment firm, has begun construction on Chantilly Premier, a pre‑leased, powered‑shell data center in Northern Virginia’s Data Center Alley, after securing more than $100 million in construction financing from QuadReal Property Group. The project expands Penzance’s presence in the digital‑infrastructure market and highlights Northern Virginia’s status as the world’s largest data‑center hub.

    “Launching Chantilly Premier delivers essential digital infrastructure to the region’s most critical market,” said Cristopher White, Penzance partner. “We’re building a robust pipeline and scaling our platform, reflecting our commitment to the sector.”

    Cushman & Wakefield served as Penzance’s exclusive financial advisor. The Equity, Debt & Structured Finance team—led by Marshall Scallan, Michael Zelin, and Bindi Shah—arranged the deal, backed by QuadReal, a global real‑estate investment firm focused on alternative assets such as data centers.

    “This debt financing aligns with QuadReal’s strategy and belief in alternatives like data centers,” said Paul Stern, Senior Vice President of U.S. Debt Investments at QuadReal. “We’re eager to partner with Penzance as they grow their platform in key markets.”

    Chantilly Premier’s location offers proximity to one of the world’s densest fiber and power networks, a key advantage for hyperscalers and cloud providers. While specifics remain confidential, insiders expect the facility to meet rising demand for scalable, secure, and efficient digital infrastructure.

    “We’re proud to advise Penzance on this transaction,” said Scallan. “Chantilly Premier exemplifies a best‑in‑class development, thanks to its infrastructure and prime Data Center Alley site. The financing underscores strong market appetite for high‑quality, pre‑leased assets backed by experienced sponsors.”