Transactions - MARCH 17, 2023

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Mirabaud Asset Management completes acquisition of South Lakeoffice campus in Washington D.C. region

by Released

Mirabaud Asset Management has purchased an office campus for one of the world’s leading ecommerce and technology companies. The financial terms were not disclosed.

The location, directly across from Dulles International Airport in Washington, D.C., serves the group’s global data center and security operations. This acquisition brings the value of Mirabaud’s U.S. real estate portfolio to almost $700 million.

South Lake, a 269,000-square-foot complex in Herndon, Va., serves a mission-critical function for the tenant’s most profitable business segment, Cloud Computing, and has been the subject of significant tenant investment. The property directly supports the company’s massive regional and global data center network. The tenant has invested more than $35 billion on its cloud computing infrastructure during the past decade in Northern Virginia, with multiple data centers under development. The asset includes restricted-access, secure floors, a structured parkin

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