American Real Estate Partners Buys Land, Plans Data Center in Northern Virginia
AREP plans for data center development in Ashburn, VA.
By Dan Swinhoe
Office real estate investor American Real Estate Partners (AREP) has acquired land and plans to build a new data center in Northern Virginia’s data center alley.
Virginia-based AREP has partnered with alternative real estate investment firm Harrison Street and aims to build a two-story, 265,000 sq ft (25,000 sq m) “powered shell” data center on a 10.3-acre site in Ashburn, Loudoun County
The firm reportedly paid $21.5 million for the site at Beaumeade Circle, and construction to due to start later this year.
“Our newest site at Beaumeade has all of the elements data center users are seeking with its extraordinary location and access to power and fiber. This project can be delivered on a fast track basis, which [the] market certainly needs,” said AREP CEO Doug Fleit.
