Corporate Office Properties Trust (COPT) has sold a data center in Manassas, Va., to CloudHQ’s investment arm for $222.5 million.
The 233,000-square-foot, two-story facility at 9651 Hornbaker Road in Prince William County was built in 2010, has 100,000 square feet of raised floor space, and 19.25 megawatts of capacity. COPT acquired it from Power Loft in 2010 for around $115 million.
While COPT has stakes in more than 4 million square feet of powered shell/single-tenant data centers, the company noted that DC-06 was the only asset in its wholesale data center reporting segment and its only multi-tenant data center.
“We are pleased to transfer DC-6 to the Cloud Capital team, whose extreme professionalism supported a smooth underwriting process and imbues us with confidence that our tenants will be well-served,” says Stephen Budorick, president and CEO at COPT. “Furthermore, this sale provides our company with cost-effective equity capital to fund our
