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Penzance secures over $100 million in debt financing from QuadReal to develop Chantilly Premier, a data center in Northern Virginia.

PRIVATEOct 10, 2025

Amount Raised

$100 Million

Round Type

Debt Financing

WashingtonFinancial ServicesReal Estate

Investors

QuadReal Property Group

Description

Penzance secured construction financing and broke ground on Chantilly Premier, a 100% leased powered shell located in Northern Virginia. This project will enhance digital infrastructure in the world’s largest data center market. QuadReal Property Group provided the financing, aligning with its investment strategy in data centers. Cushman & Wakefield acted as the exclusive advisor in the transaction.

Quick answer

Penzance raised $100 Million in a Debt Financing round, dated October 10, 2025. Investors: QuadReal Property Group. Penzance is based in Washington, District Of Columbia, United States.

How much did Penzance raise?
Penzance raised $100 Million in a Debt Financing round on October 10, 2025.
Who invested in Penzance?
QuadReal Property Group is named as investors in this round.
What does Penzance do?
Penzance is a vertically integrated, full-service real estate firm with a focus on investment-grade asset opportunities in the greater Washington, DC metropolitan area.
Where is Penzance based and how big is it?
Penzance is based in Washington, District Of Columbia, United States. Fundz records about 153 employees.
Who are the decision-makers at Penzance?
Fundz holds 2 contacts at Penzance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Real Estate around the same time

Companies in the same sectors as Penzance that raised within 45 days of this round, from Fundz verified event records.

  • Backflip raised $10M on November 17, 2025.
  • Beeline Holdings raised $7.4M (Post-IPO Equity) on November 12, 2025.
  • Billd raised $7.3M (Funding Round) on November 5, 2025.
  • Cohen & Steers raised $353M (Funding Round) on October 17, 2025.
  • Ellington Financial raised $400M (Debt Financing) on October 6, 2025.
  • Walker & Dunlop raised $353M (Debt Financing) on September 29, 2025.

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Company Information

Company

Penzance

Location

Washington, District Of Columbia, United States

About

Penzance is a vertically integrated, full-service real estate firm with a focus on investment-grade asset opportunities in the greater Washington, DC metropolitan area. Since its founding in 1996, Penzance has invested over $3 billion in real estate through partnerships with blue-chip institutional investors, separate accounts, joint ventures and its discretionary funds. Penzance, as one of the region's premier owners, operators, and developers of transformative properties, provides exceptional in-house acquisitions, leasing, development, construction, asset, and property management services.

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