15 January 2025

Washington, January 15, 2025 /PRNewswire/ — JLL's¯The Capital Markets Group announced today that it has arranged the matter $1.2 billion In financing construction throughout 2024 on behalf of Black Chamber Collection (“Black ChamberThe financing will facilitate the development of four large-scale energy-powered campuses located across it Northern Virginia Its total capacity is more than 740 megawatts.

JLL Acted on behalf of BlackChamber to arrange financing as part of BlackChamber's Northern Virginia The development portfolio, which includes eight campuses, has the expected capacity to produce approximately 1.5 gigawatts of total energy capacity across more than six million square feet.

BlackChamber was advised by JLLLed Capital Markets Debt Advisory Team Jimmy LeachmanSenior Managing Director and Co-Chairman of Washington, DC office and Drake GreerSenior Director and Member JLL Capital Markets National Data Center a team.

“Against a dynamic and challenging market backdrop, JLL has leveraged its relationships, creativity and experience to drive seamless and consistent execution with a variety of different lenders, ultimately delivering value-accretive and strategically beneficial financing solutions,” said BlackChamber Managing Partner. Conley Patton He said.

Northern Virginia It is the world's largest data center market, with more than 4.6 GW of power capacity as of the first half of 2024. In 2024, Northern Virginia It saw capacity exceeding 1.3 gigawatts, ending the year with a vacancy rate of just 0.4%. Currently, in Northern Virginia There is more than 5.8 GW of data center development planned.

“We are seeing incredible demand for data centers with continued desire from cloud, AI and enterprise tenants, and this in turn has led to a greater focus from various capital sources,” Leachman said.

“What was once a small alternative sector of the commercial real estate industry is now a large part of equity and debt deployments. BlackChamber's recent construction loan closings are evidence of the diversity of data centers chasing capital. Our recent closings include capital from balance sheets “Both the commercial real estate and infrastructure sectors, but also private credit instruments financed with insurance company capital,” Greer added.

JLLThe firm's Custom Capital Markets group is a full-service global provider of capital solutions for real estate and infrastructure investors and investors. The group's in-depth knowledge of the local market and global investors provides clients with best-in-class solutions whether it is investment sales and advisory, debt advisory, equity advisory or recapitalization. National Data Center for Capital Markets The team is run by a senior managing director Carl Beardsley.

For more news, videos and research resources, please visit JLL's¯newsroom.

About Black Chamber
Black Chamber Collection is a custom-built, vertically integrated data center developer second– Registered investment advisor based in Washington, DC. Designed from the beginning to be an ideal real estate partner for world-leading large-scale technology companies in scaling up their infrastructure base, BlackChamber has extensive industry experience and a proven track record of successful data center development execution.

on JLL¯
For more than 200 years, JLL (New York Stock Exchange: JLLa leading global commercial and investment real estate management firm, has helped clients purchase, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. Fortune 500 company with annual revenues of $20.8 billion With operations in more than 80 countries around the world, our more than 111,000 employees bring the strength of a global platform combined with local expertise. Driven by our purpose of shaping the future of real estate for a better world, we help our clients, people and communities see a brighter way. JLL is the brand name and registered trademark of Jones Lang LaSalle Integration. For more information, visit jll.com.

communication: christine murphy, JLL Public Relations Manager
phone: +1 617 543 4873
Email: christine.murphy@jll.com

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