American Real Estate Partners (AREP) has acquired a 10.3-acre piece of property in Data Center Alley in Ashburn, Va., with plans to construct a 265,000-square-foot facility on the site, according to Data Center Frontier.
AREP, in partnership with investor Harrison Street, paid $21.5 million for the property, which is located at the intersection of Beaumeade Circle and Loudoun County Parkway in Northern Virginia, the world’s largest data center market. Data Center Frontier reports AREP is planning a two-story “powered shell” data center on the site, which will offer access to power and fiber.
The site is situated next to Equinix and RagingWire data centers, and it is adjacent to new campuses for Equinix and Amazon Web Services.
“Demand for data centers far outstrips current capacity and recent construction is nearly 100 percent absorbed,” said Doug Fleit, CEO of AREP. “21455 Beaumeade Circle’s ‘main and main’ location will enab
