JLL has successfully secured construction financing of over $1.2 billion for The BlackChamber Group’s development projects in Northern Virginia, which includes four hyperscale-powered shell campuses with a combined capacity of 740 megawatts.
The financing was arranged by JLL on behalf of BlackChamber as part of their larger development portfolio in Northern Virginia. This portfolio consists of eight campuses that have the potential to generate up to 1.5 gigawatts (GW) across six million square feet.
Leading the Capital Markets Debt Advisory team at JLL were Senior Managing Director and Co-Head of the Washington, D.C office Jamie Leachman and Senior Director Drake Greer, who is also a member of JLL’s National Data Center Capital Markets team. According to Leachman, there is high demand for data centers due to consistent interest from Cloud, AI and Enterprise tenants which has attracted various sources for capital investment.
