Penzance Secures $100M Construction Loan From QuadReal For Chantilly Premier Data Center

The asset involved in this transaction is a development site located at 4151 Auto Park Circle in Chantilly, VA. The site spans 12 acres and is designated for the construction of a pre-leased data center, specifically the Chantilly Premier data center. This project is supported by a loan amount of $100,000,000 provided for construction financing.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $100,000,000
• Address: 4151 Auto Park Circle
• Market: Chantilly, VA
• Lender: QuadReal Property Group
• Landlord: Penzance
• Brokers: Marshall Scallan, Michael Zelin & Bindi Shah - Cushman & Wakefield
• Loan Type: Construction
• Acres: 12

Penzance, the landlord, has secured the financing from QuadReal Property Group to facilitate the construction of the facility. The arrangement of the financing deal was executed by brokers Marshall Scallan, Michael Zelin, and Bindi Shah from Cushman & Wakefield, providing their expertise in this substantial transaction.