CBRE Global Investors Fund Acquires State-of-the-Art Data Center Portfolio in Northern Virginia
A fund advised by CBRE Global Investors has acquired a three-building state-of-the-art data center portfolio located in Northern Virginia. Constructed in 2017, the buildings total 446,811 sq ft and are fully leased to a global cloud computing platform that offers services for computing, storage, networking and database analytics.
The 36-acre site is located at 45900, 45930, and 45950 Pathfinder Plaza in Sterling, Virginia, within a larger industrial park known as TransDulles Plaza. The property was a build-to-suit for the tenant and constructed to their exact specifications, making the buildings more efficient than traditional industrial buildings that have been converted into data centers. The property is surrounded by high-security steel fencing and is monitored by a full-time security staff via a guard booth and 24/7 surveillance. The windowless buildings have state-of-the-art cooling and ventilation systems, built-in diesel generators, 24-ft clear heights to house the maximum amount of racking systems, reinforced concrete slab floors, ESFR sprinklers with a fire pump and interior roof access with a lift for rooftop HVAC repairs. The buildings also were constructed with the flexibility to be converted to a traditional industrial use if needed.