BlackChamber Group, a leading U.S. data center developer, has successfully secured over $1.2 billion in construction financing to expand its data center campuses across Virginia.

This week, JLL's Capital Markets group announced the arrangement of more than $1.2 billion in financing for BlackChamber, with the funds directed towards the construction of four hyperscale powered-shell campuses in Northern Virginia, totaling over 740MW of capacity.

The financing is part of BlackChamber's broader portfolio in Northern Virginia, which could ultimately include up to eight campuses, totaling 1.5GW of gross power capacity and spanning more than 6 million square feet once fully built out.

BlackChamber Group is a vertically integrated, purpose-built data center developer.

"Against a dynamic and challenging market backdrop, JLL leveraged their relationships, creativity, and expertise to drive seamless and unrelenting execution with a variety of different lenders, ultimately delivering value-accretive and strategically beneficial financing solutions," said Conley Patton, managing partner of BlackChamber.

Founded in 2019, BlackChamber specializes in building build-to-suit powered shells for hyperscalers. The team brings experience from companies like Meta, JLL, COPT, Credit Suisse, and Whiting-Turner.

The company owns over 300 acres of land across Loudoun and Prince William Counties, including in Arcola, Sterling, Leesburg, and Gainesville, and is behind developments like the John Marshall Commons Tech Park in Haymarket and the Village Place Technology Park in Gainesville.

Drake Greer, senior director at JLL’s national data center capital markets team, noted, "What was once a small alternative segment of the commercial real estate industry is now a large segment of equity and debt deployments. BlackChamber's recent construction loan closings are evidence of the diverse capital chasing data centers. Our recent closings include capital from bank balance sheets, both commercial real estate and infrastructure verticals, but also private credit vehicles funded with insurance company capital.”