John Marshall Commons Tech Park

The John Marshall Commons Tech Park is a significant development project undertaken by The BlackChamber Group, a private equity firm based in Washington, D.C. This project represents a strategic expansion of the company's data center portfolio in Northern Virginia, a region that has become a hub for data center activity due to its robust infrastructure and proximity to major network exchange points.

On December 15, 2021, The BlackChamber Group, through the entity CTP-II LLC, acquired 22.5 acres of land at the intersection of John Marshall Highway (Route 55) and Catharpin Road in Gainesville, Virginia. The purchase price of $16.4 million reflects the strategic value of the location, inferring a valuation of $730k per acre.

The BlackChamber Group's approach to data center development focuses on creating single-tenant data center powered shells, which are then leased to hyperscale technology companies under long-term, triple-net leases. The firm's strategy includes the eventual sale of these data center shell assets, once leased, at prices that reflect their intrinsic value, targeting cap rates of less than or equal to 4%.

The leadership team at The BlackChamber Group brings a wealth of experience from the data center sector. Key members have held significant positions at Corporate Office Properties Trust (COPT), a real estate investment trust specializing in data center properties, and other notable financial and technology firms. This collective expertise underpins the firm's ambitious development projects in the data center domain.