Penzance has secured more than $100 million in construction financing for a preleased data center project in Northern Virginia as demand intensifies for the facilities that are helping fuel the boom in artificial intelligence and machine learning.
Penzance lands $100 million financing for project in largest US data center market
Canada's QuadReal is financier for Northern Virginia property
CoStar News
October 13, 2025 | 10:07 P.M.
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IN THIS ARTICLE
- Properties
- Chantilly Premier
Auto Park Cir, Chantilly, VA
- Companies
- Penzance
Real Estate
- QuadReal Property Group
Finance and Insurance
- Contacts
- Michael Zelin
Managing Director, Cushman & Wakefield
- Marshall Scallan
Executive Director, Cushman & Wakefield
- Bindi Shah
Managing Director, Cushman & Wakefield