A fund advised by CBRE Global Investors has acquired a three-building state-of-the-art data center portfolio located in Northern Virginia. Constructed in 2017, the buildings total 446,811 square feet and are fully leased to a global cloud-computing platform that offers services for computing, storage, networking and database analytics.
The 36-acre site is located at 45900, 45930 and 45950 Pathfinder Plaza in Sterling, Va., within a larger industrial park known as TransDulles Plaza. The property was a build-to-suit for the tenant and constructed to its exact specifications, making the buildings more efficient than traditional industrial buildings that have been converted into data centers.
“Northern Virginia is the largest and most active data center market in the world, with 70 percent of all Internet activity passing through ‘Data Center Alley’ each day,” said Kim Hourihan, portfolio manager, CBRE Global Investors. “The market is attractive to data center us
