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10.10.25 - 14:03
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Penzance Secures over $100 Million in Construction Financing from QuadReal and Breaks Ground on a Northern Virginia Data Center (Business Wire)
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CHANTILLY, Va.--(BUSINESS WIRE)--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.
“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,” Cristopher White, Partner at Penzance, said in a statement.
Cushman & Wakefield served as the exclusive advisor to the borrower in securing the financing from QuadReal Property Group (QuadReal), a global real estate investment, development and operating company. A Cushman & Wakefield Equity, Debt & Structured Finance team of Marshall Scallan, Michael Z...
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