**Penzance Breaks Ground on 100% Leased Chantilly Premier Data Center in Northern Virginia**
Penzance has officially secured construction financing and broken ground on Chantilly Premier, a fully leased powered shell facility located in Northern Virginia. This development is strategically positioned in the world’s largest data center market, offering robust connectivity to critical fiber and power infrastructure.
Cushman & Wakefield served as the exclusive advisor to Penzance, securing the financing from QuadReal Property Group. The Cushman & Wakefield Equity, Debt & Structured Finance team involved in the transaction included Marshall Scallan, Michael Zelin, and Bindi Shah.
“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,” said Cristopher White, Partner at Penzance. “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.”
Chantilly Premier marks a significant step forward for Penzance as it expands its presence in the data center industry with a focus on mission-critical infrastructure.
