Digital Realty Acquires 125.9 Acres In Loudoun County, VA
The company has strengthened its position in one of the most desirable data center markets in the U.S.
Digital Realty Trust, Inc. has announced that it has closed on the acquisition of 125.9 acres of undeveloped land in Loudoun County, VA, for a total purchase price of $43 million. The site is adjacent to one of the main fiber trunk runs in the county as well as a recently constructed sub-station and Dominion Virginia Power transmission lines. The parcel is expected to support the development of over two million square feet and the build-out of roughly 150 megawatts.
The site is located less than a mile from Digital Realty's existing data center campus in Ashburn, Virginia. Construction work is expected to begin in 2016, subject to market demand and according to the company's latest design specifications. Delivery will be phased to facilitate customer expansion requirements upon completion of the existing Digital Ashburn data center campus.
"This acquisition is consistent with our strategy of investing in our global campus network to support the deployment of hybrid cloud environments near Internet hubs, providing capacity to grow with our best clients, and implementing our latest facility designs to support growing demand in Northern Virginia," said A. William Stein, chief executive officer, Digital Realty. "Data center demand in Ashburn remains robust, and we expect that trend to continue. Given that we are projected to approach full capacity at our existing Digital Ashburn data center campus, this land acquisition will enable us to continue to support our customers' growth with no downtime. We are pleased to expand our footprint and to strengthen our position in Northern Virginia, which has proven to be one of the most desirable data center markets in the United States."