Transactions - MAY 19, 2022

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GI Partners buys data center in Northern Virginia

by Andrea Zander

GI Partners has purchased 22262 Cloud Plaza in Sterling, Va., a highly networked and energy-efficient data center currently leased to a global technology firm, from Sentinel Data Centers.

The purchase is part of the firm’s strategy of acquiring and managing technology enabled real estate.

Cloud Plaza represents a highly improved hyperscale data center facility located in the largest data center market in the United States. Originally delivered and fully commissioned in 2019, this 238,000-square-foot property serves as a key network location and offers more than 46 megawatts of critical power in an energy efficient design, meeting the existing tenant's stringent quality requirements.

“We are excited and proud to own one of the most densely networked data centers in Northern Virginia, the nexus of the world's internet traffic,” said John Sheputis, a managing director at GI Partners and head of acquisitions for GI Partners Real Estate. “We are seeing increa

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