Articles from PENZANCE

Penzance, a leading Mid-Atlantic real estate investment and development firm, today broke ground on a next-generation data center in Chantilly, Virginia, showcasing Northern Virginia’s status as the world’s premier data corridor. Designed for hyperscale demand and maximum energy efficiency, the project marks Penzance’s newest digital infrastructure investment to date—and sets a new standard for sustainability and scope in hyperscale development.

Penzance, a leading owner, operator, developer, and investor in the Mid-Atlantic region, announced today the acquisition of Southgate 77, a 220,000-square-foot Class A industrial warehouse in Rock Hill, South Carolina, within the Charlotte Metropolitan Area. Completed in October, this acquisition is Penzance’s first industrial investment in South Carolina, adding to the firm's growing portfolio across the Southeast.

Penzance secured construction financing and broke ground on Chantilly Premier, a 100% leased powered shell located in Northern Virginia. The project benefits from exceptional connectivity to fiber and power infrastructure in the world’s largest data center market.

Penzance, a leading owner, operator and developer in the Mid-Atlantic region for close to three decades, secured Arlington County Board approval for its latest project, One Rosslyn, on Tuesday, July 22nd. Poised to redefine the urban skyline, One Rosslyn will deliver over 970,000 square feet of multifamily apartments, residential condominiums, and retail space along the new Gateway Park. This monumental development will introduce a new tier of luxury living through three architecturally distinctive towers thoughtfully integrated with street-level retail, abundant green space, and community-focused design. The project is being developed in partnership with Boston-based investment manager The Baupost Group. Renderings of the development can be found here.

Penzance, a leading owner, operator and developer in the Mid-Atlantic region for over two decades, has received approval from Arlington County for its proposed redevelopment of Ballston One at 4601 N. Fairfax Drive. The approved plan will convert the existing office building into a vibrant new residential community, adding another milestone in the company's ongoing transformation of the Rosslyn-Ballston Corridor. Project renderings can be found here.

Penzance, a leading owner, operator, developer and investor in the Mid-Atlantic region, announced today the acquisition of Gateway & Linden, a six-building industrial portfolio totaling 212,086 square feet in Manassas, Virginia. The $55 million acquisition, completed this month, adds to Penzance’s growing industrial portfolio and reinforces its commitment to strategic investment across commercial real estate asset classes.

Penzance, along with its partner TriWest Multifamily, announced today the off-market acquisition of Stoney Trace Apartments, a 380-unit multifamily community in Charlotte, North Carolina. Penzance has been a leading owner, operator, developer and investor in the Mid-Atlantic region for more than a quarter of a century, and this acquisition adds to its robust Mid-Atlantic portfolio of residential, mixed-use, industrial and data center projects.

Penzance, a leading owner, operator and developer in the Mid-Atlantic region for over two decades, is proud to announce the launch of a transformational new project located in Arlington, One Rosslyn. Situated prominently amidst the Rosslyn skyline, this monumental development will encompass over 900,000 square feet and be defined by exceptional design, world-class amenities, and neighborhood-serving retail. One Rosslyn could break ground as early as late 2026.