Chirisa Technology Parks

What Chirisa Technology Parks does

Chirisa Technology Parks is a private, family-owned data center development and operating company headquartered in Richmond, Virginia, focused on the rapid delivery of high-performance facilities for hyperscale, high-performance computing, and AI customers across North America and Europe. The company and its predecessors report more than 25 years of experience and the development, ownership, and operation of over 40 data center assets. Chirisa offers three core commercial formats — powered shell, build-to-suit, and wholesale colocation — across a multi-state campus portfolio including Richmond VA (230 acres), Lancaster PA (150 acres), Chesterfield VA (350 acres joint venture), Chicago IL, Piscataway NJ, and Lynnwood WA, with an international office in Dublin, Ireland. Operational capacity of more than 850,000 square feet is augmented by a pipeline exceeding 1 gigawatt under development.

The underlying platform combines brownfield and greenfield site acquisition with proprietary infrastructure technologies: direct-on-chip liquid cooling that is approximately twice as energy efficient as traditional air-cooled systems, adaptive reuse of existing industrial buildings, closed-loop cooling with minimal municipal water use, magnetic levitation-based low-noise chillers designed for urban environments, and Selective Catalytic Reduction systems that achieve up to 99.8 percent reduction of NOx emissions from backup generators. The company secures pre-leased anchor tenant commitments before commencing major development, with CoreWeave disclosed as a $6 billion-committed anchor lessee at the Lancaster, Pennsylvania campus and Chesterfield, Virginia.

The business model centers on long-term enterprise leases with hyperscale customers, funded through joint venture partnerships with Blue Owl Capital — which has committed up to $20 billion across Pennsylvania and Virginia developments, including a $4 billion Lancaster joint venture with Machine Investment Group and a $5 billion Chesterfield joint venture with PowerHouse Data Centers. Revenue is generated through data center leasing and joint venture development activity; the company has approximately 51–100 employees and is led by President and CEO Lee Hayes, CFO Spencer Raymond, CTO John Quinn, EVP Jean-Charles Caillere, and Managing Director David Kelly. The legal operating entity is registered as Chirisa Capital Management Limited.

Name

Chirisa Technology Parks

Legal name

Chirisa Capital Management Limited

Website

https://chirisatechnologyparks.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

Chirisa Technology Parks is a private, family-owned data center developer and operator headquartered in Richmond, Virginia, that builds powered shell, build-to-suit, and wholesale colocation facilities for hyperscale, HPC, and AI customers across North America and Europe.

Ownership category

akta.pro rank

Product category

Data Center Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Facilities Management Services (541513), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373), Auto Controls For Regulating Residential & Comml Environments (3822), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Wholesale Colocation (Powered Shells / Suites) (HDABACAB)

akta.pro secondary industries

Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), Data Center Property Management (BPAJAGAK), Enterprise Data Centers & On-Prem Facilities (Owned/Operated) (HDABACAG), Edge Colocation & Distributed Data Center Services (HDABAOAB)

Keywords

• Wholesale colocation
• Build-to-suit data centers
• Powered shell data centers
• Hyperscale data center campuses
• AI-ready data center infrastructure

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Data Center Leasing: Chirisa Technology Parks develops and operates data center facilities, offering purpose-built, powered shell, build-to-suit and wholesale options to hyperscale customers. Revenue is generated through long-term leases with anchor tenants like CoreWeave.
2. Joint Venture Development: Partnership with Blue Owl Capital and Machine Investment Group for developing data center campuses. Blue Owl provides funding of up to $20 billion across Pennsylvania and Virginia developments.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Chirisa Technology Parks develops and operates data center campuses across multiple U.S. locations, delivering powered shell, build-to-suit, and wholesale colocation solutions designed for hyperscale, high-performance computing, and AI customers. The company provides the physical real estate, power, and cooling infrastructure required to support high-density compute workloads.

Product overview

Chirisa Technology Parks is a data center development and operating company offering three core service types: Powered Shell (rapid deployment with complete control over fit-out), Build-to-Suit (custom solutions from edge to hyperscale), and Wholesale Colocation (partial data center space). The company operates multiple data center campuses across the USA including Richmond, VA (230-acre CTP Campus), Chicago, IL, Piscataway, NJ, Lynnwood, WA, and Lancaster, PA. The Lancaster AI Hub represents a major $10B+ initiative to convert vacant industrial buildings into AI data centers for CoreWeave. The company maintains over 850,000 square feet of purpose-built data center capacity with a pipeline exceeding 1GW under development.

Differentiator

Problem solved

Functional benefit

Products and services

• Powered Shell Data Centers Delivered shell-grade data center buildings with power, cooling, and connectivity infrastructure in place, allowing customers to fit out and operate compute space on accelerated timelines. Targeted at hyperscale, HPC, and AI customers seeking control over their interior build-out.
• Build-to-Suit Data Centers Custom-designed and constructed data center facilities tailored to a specific customer's capacity, power density, cooling, and operational requirements. Targeted at hyperscale and AI tenants requiring bespoke, large-footprint deployments.
• Wholesale Colocation Multi-megawatt, long-term colocation leases of data center space, power, and cooling capacity on a wholesale basis. Targeted at hyperscale cloud, HPC, and AI operators requiring scalable, multi-year capacity commitments.

Quantifiable outcome

• Nearly twice the energy efficiency compared to traditional air-cooled data centers
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Machine Investment GroupcoreStrategic or Co-development Partner · 25 August 2025Machine Investment Group is a real estate investment platform and joint venture partner for Lancaster campus development. Focuses on adaptive redevelopment of underutilized commercial properties for data center use. Principals have deployed over $2.4 billion in capital to date.
• PPL Electric UtilitiesminorOthers · 25 August 2025PPL Electric Utilities is a utility partner for the Lancaster campus. CTP and partners intend to fund approximately $200 million for local power grid infrastructure improvements in partnership with PPL Electric Utilities to deliver safer, more efficient and resilient electric grid.
• Wohlsen Construction CompanyminorImplementation/ SI/ Consulting Partner · 25 August 2025Wohlsen Construction Company is leading construction at the Lancaster AI Hub development. They are the general contractor for the data center construction project.
• PowerHouse Data CenterscoreStrategic or Co-development Partner · 27 May 2025PowerHouse Data Centers is a joint venture partner in the $5 billion Blue Owl-Cchirisa-PowerHouse partnership for AI/HPC data center developments. PowerHouse provides expertise in development, construction and operations. American Real Estate Partners (AREP) owns PowerHouse.

Scale indicators13 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• EdgeConneX: EdgeConneX is a private developer/operator specializing in hyperscale and edge data centers across the US and globally; very comparable in target customer (AI cloud, hyperscale), deployment model (BTS, powered shell), and approach to adaptive reuse of existing buildings.
• Stack Infrastructure: Stack is a private hyperscale data center developer operating large campuses in primary US markets with wholesale and BTS offerings; comparable scale, customer profile (hyperscalers/AI cloud), and joint-venture financing model with institutional capital partners.
• Compass Datacenters: Compass is a private wholesale/BTS data center developer serving hyperscalers across the US; competes directly with CTP for hyperscale AI tenants and follows a similar pre-lease, rapid-deployment model.
• Vantage Data Centers: Vantage is a hyperscale-focused wholesale data center developer with deep North American footprint and similar build-to-suit/powered-shell offerings; it competes head-to-head with CTP for the same CoreWeave/AI cloud anchor tenants across Virginia, Pennsylvania, and other Tier-1 markets.
• PowerHouse Data Centers: PowerHouse is a JV partner of CTP (co-developer on Chesterfield with Blue Owl) and an AREP-owned hyperscale data center developer; directly comparable as a build/operate partner for AI/HPC campuses with the same anchor-tenant playbook.
• Aligned Data Centers:
• T5 Data Centers: T5 designs, builds, and operates custom and wholesale hyperscale data centers across the US, with similar BTS/wholesale offerings and an enterprise/hyperscale customer mix overlapping with CTP's focus.

Broad incumbents

• Equinix: Equinix is the largest global retail colocation and interconnection provider; broader portfolio than CTP and traditionally retail-led, but increasingly competes in hyperscale-adjacent Build-to-Suit offerings for AI and enterprise customers in the same primary markets.
• CyrusOne: CyrusOne (KKR/GIP owned) is a major wholesale/hyperscale data center operator with a sizable US footprint; serves very similar hyperscale AI customers and competes for the same build-to-suit mandates.
• Digital Realty Trust: Digital Realty is the largest publicly traded wholesale/retail colocation operator globally with a massive hyperscale footprint; comparable product set (BTS, wholesale, powered shell) at much larger scale, and a direct competitor for the largest hyperscale and AI tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/chirisa-technology-parks

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chirisa Technology Parks