Quantum Loophole and TPG Real Estate Partners (TREP) have formed a strategic joint venture to acquire and develop an innovative, first-of-its-kind, gigawatt-scale data center community in Frederick County, Maryland. In connection with the joint venture, TREP has acquired a minority stake in Quantum Loophole.
The investment from TREP has been used, in part, to fund Quantum Loophole’s recently closed purchase of an approximately 2,100-acre property in Frederick County, Maryland, formerly known as Alcoa Eastalco Works.
“Demand for cloud computing and cloud-based services has grown rapidly over the past decade, and Frederick County is an important growth outlet for the Northern Virginia data center market,” said Ty Newell, managing director at TREP. “With industrial zoning and access to significant power capacity, the development site will offer several benefits to a fast-growing hyperscale tenant base that is intensely focused on speed of delivery. We are pleased
