LOCATED IN A 98-ACRE CAMPUS
Private alternatives investment firm, GI Partners has today announced its acquisition of 43915 Devin Shafron Drive in Ashburn, data center facility in Virginia.
Located in a 98-acre campus, the property is stated to be 100% leased to two credit-worthy tenants and offers 9MW of critical power, with the ability to expand in the future. Also, the facility is claimed to provide redundant electrical and mechanical improvements as well as multiple connectivity options through the adjacent campus.
“This property is centrally situated within the largest and most important data center market in the country. The recent leasing velocity of Northern Virginia affirms the value tenants place on locating at the center of the modern digital ecosystem. This network dense data center is a great addition to our core investment programs and demonstrates our commitment to being a trusted counterparty in all circumstances,” said John Sheputis, Managing Director, and Patrick Lawler, Director of GI Partners.
As announced, the new acquisition further bolsters GI Partners’ strategy of acquiring and managing technology enabled real estate, bringing its Tech + Science real estate portfolio to a total of 49 properties comprising 10.1 million square feet across 12 different leading markets.
According to GI Partners, the facility has been institutionally maintained since initial construction in 2010 and located in a campus that is managed by Digital Realty, however, CBRE Data Center Capital Markets represented the seller on this transaction.
Recently, EdgeCore Digital Infrastructure, and Penzance – a Washington, D.C. based real estate developer, also announced their plan to jointly develop a newly acquired 7.6 acres of land in Northern Virginia. As announced, the newly acquired land parcel is planned for the construction of a new data center facility which is to feature 285,000 square foot of space, three-story building, and an expected capacity of about 36MW, however, the site’s plan approval process is expected to be completed by the end of 2023.