Digital Realty To Acquire 424 Acres In Loudoun County, Virginia
The move is designed to strengthen the company’s position in top-tier data center market.
Digital Realty has announced it has reached an agreement to acquire 424 acres of undeveloped land in Loudoun County, Virginia for a total purchase price of $236.5 million, or approximately $558,000 per acre. The site is adjacent to Washington Dulles International Airport and located near bulk transmission lines as well as a major fiber path.
The site is also located less than four miles from Digital Realty's existing data center campuses in Ashburn, Virginia. Commencement of development will be subject to market demand, and delivery will be phased to meet future customer growth requirements upon build-out and lease-up of the company's existing Ashburn campus capacity.