AREP in the News

With Ashburn Buy, AREP Hopes to Establish Itself in the Data Center Industry

January 28, 2021

Washington Business Journal

By Daniel J. Sernovitz

Equinix, Digital Realty, QTS Realty Trust … and American Real Estate Partners?

It might seem discordant to include AREP, primarily a developer of office and mixed-use buildings, on a list of heavyweights in the data center industry, but the Herndon-based commercial real estate firm hopes to have its name on such a list before long.

The firm recently teamed up with Chicago-based investment management firm Harrison Street to acquire a 10.3-acre development site in Ashburn, one of the largest data center hubs in the world, and plans to develop a two-story, 265,000-square-foot shell for data center use on the site at 21455 Beaumeade Circle. The pair hope to begin construction later this year after closing the $21.5 million acquisition form an affiliate of Chirisa Investments, which had larger ambitions for the property when it paid $15.4 million for it in 2018.