JLL raises over $1.2b of construction financing in Northern Virginia for data center developer, The BlackChamber Grou By Investing.com

WASHINGTON, Jan. 15, 2025 /PRNewswire/ — JLL‘s¯Capital Markets group announced today that it arranged over $1.2 billion in construction financing throughout 2024 on behalf of The BlackChamber Group (“BlackChamber“). The financings will facilitate the development of four hyperscale powered shell campuses located across Northern Virginia collectively totalling over 740 megawatts of capacity.    

JLL worked on behalf of BlackChamber to arrange the financings as part of BlackChamber’s Northern Virginia development portfolio, which includes eight campuses with the prospective capacity to yield nearly 1.5 GW of gross power capacity across more than six million square feet.

BlackChamber was advised by JLL‘s Capital Markets Debt Advisory team led by Jamie Leachman, Senior Managing Director and Co-Head of the Washington, D.C. office and Drake Greer, Senior Director and member of JLL’s National Data Center Capital Markets team.

“Against…