Harrison Street’s Social Infrastructure Fund (SIF) has acquired an interest in an energy production system located at the United States Army Medical Command installation in Frederick, Md. The seller was BlackRock’s Global Energy & Power Infrastructure Fund (GEPIF).
The Fort Detrick Energy Production Facility supplies steam, chilled water, electricity conditioning services and emergency backup power to U.S. government facilities located at Fort Detrick under a 30-year fixed payment contract that expires in March 2049, according to Harrison Street.
The 1,200-acre Fort Detrick campus houses a number of government agencies dedicated to biomedical research and development. Researchers at Fort Detrick develop vaccines for a variety of diseases such as HIV and cancer.
“Fort Detrick is critical to ensuring the public health and safety of our nation,” said Christopher Merrill, co-founder, chairman and CEO of Harrison Street. “This asset, Harrison Street’s
