Oct 14, 2025 | Posted by Abdul-Rahman Oladimeji
Real estate firm Penzance announced it has secured construction financing and broken ground on Chantilly Premier, a 100 percent leased powered shell located in Fairfax County, Northern Virginia.
"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.
“This latest debt financing is in direct alignment with QuadReal’s investment strategy and our conviction in alternatives, including data centers,” said Paul Stern, senior vice president, US debt investments at QuadReal. “We are excited to partner with Penzance as they continue to scale their platform in key markets.”
“We are thrilled to advise Penzance on this pivotal transaction," said Cushman & Wakefield’s Marshall Scallan. “Chantilly Premier stands out as a best-in-class development due to its robust infrastructure, and premier location in Data Center Alley. Securing this financing highlights the strong market appetite for high-quality, preleased assets backed by experienced sponsors.”
