CyrusOne acquires a portion of Kincora mixed-use development property and is projected to bring in $1 billion in new investments to Loudoun County, VA.
CyrusOne has purchased a 40-acre parcel of Kincora — a 6.7-million-square-foot, mixed-use development property — in Northern Virginia. This purchase and the construction activities to follow are projected to bring $1 billion-plus in new investments to Loudoun County.
“The opportunity to add new real estate to our portfolio while also helping the Loudoun community grow and develop is the type of transaction that CyrusOne aspires to attain,” said Kevin Timmons, chief technology officer, CyrusOne. “Adding this new Northern Virginia location will not only benefit our growth trajectory, but is also vital to continuing to serve our Fortune 1000 customers along the East Coast.”