The BlackChamber Group is getting more than $1.2 billion so it could develop four data center campuses in Northern Virginia.
Altogether the hyperscale powered shell centers will combine for more than 740 megawatts of capacity, according to a statement from JLL, which secured the construction financing for BlackChamber. The project will add to BlackChamber's Northern Virginia portfolio, which already includes eight campuses, taking up more than six million square feet and 1.5 GWs of gross power capacity.
According to JLL, Northern Virginia commands the biggest data center market in the world. As of the first half of 2024, it operated more than 4.6 GWs of power capacity, and there is another 5.8 GWs planned for data center development. Last year, the sector absorbed 1.3 GWs and held a vacancy rate of 0.4 percent.
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