WITH A CAPACITY TO DEVELOP 32MW FACILITY
Real estate and infrastructure acquisition and development company Landmark Dividend LLC, has announced its acquisition of a portfolio of data center assets located within Quantum Park, Northern Virginia.
The acquired Quantum Park property includes infrastructure with approximately 1.2 million square feet of data center space and available land for hyperscale data center development which can feature up to 32.5MW of power on-site, an additional 32.5MW of power being brought to the site as well as access to multiple carriers.
“We are extremely excited to expand our portfolio into Northern Virginia, the data center capital of the world,” said John Dobo, Executive Vice President of Landmark’s Digital Infrastructure division.
“Quantum Park, with its ample power and cooling, dense connectivity and nearly 50 acres of available land for development, provides Landmark the opportunity to capitalize on the rapid expansion of digital infrastructure in Northern Virginia.”
In May, Digital infrastructure investment firm Digital Colony Management LLC (Now Rebranded as DigitalBridge Group, Inc.), through its affiliates, entered into a definitive agreement to acquire Landmark Dividend LLC, acquiring substantially all of Landmark’s assets at approximately $972 million.
“The Quantum Park transaction is a testament to the successful digital infrastructure platform and team that we have built at Landmark,” said Tim Brazy, Chief Executive Officer of Landmark Dividend.
“This acquisition further demonstrates our commitment to digital infrastructure and our greater resources and capabilities since the acquisition of Landmark Dividend by DigitalBridge Group, Inc. in June 2021. We believe we are extremely well-positioned to build on our successful track record and strengthen our leadership position within the growing digital infrastructure market.”
According to Landmark, this acquisition marks its 35th data center transaction – a milestone as Digital Infrastructure assets now comprise over $1 billion of Landmark’s assets under management.
For this latest transaction, Bell Nunnally & Martin and McGuireWoods served as legal counsel for Landmark.