GI Partners, a private equity firm with deep experience in the digital infrastructure sector, has acquired a data center in Sterling, Virginia that is leased by a large technology firm, the company said today.
The data center industry brings $1.2 billion in tax revenue into the Virginia economy annually, including $1 billion to local municipalities and $174 million to the state, according to a new study from the Northern Virginia Technology Council.
Housing the servers that power the cloud has become a real estate challenge in Northern Virginia. Loudoun County is reviewing the future options for new projects, with one proposed data center district being shelved by local officials.
Loudoun County officials say they will be more discriminating about allowing data centers in residential and retail corridors. The Loudoun debate merits the attention of the data center industry, foreshadowing future controversies in other major markets.
At least seven new developers plan to enter the Northern Virginia data center market in the next several years. The influx of new players comes as the officials in the region are grappling with how to manage the continuing boom in cloud computing.
Corscale Data Centers is entering the Northern Virginia data center market with big ambitions and a big campus. Gainesville Crossing will be a 300-megawatt, 2.3 million square foot project in Prince William County. Here’s a closer look at Corscale and its development plans.
TA Realty is one of the new entrants in the Northern Virginia data center market. It is building a large campus in Leesburg, and has ambitions to become a long-term player in the global market for digital infrastructure.
Yondr Group will develop renewable energy projects to support its data center campuses, a move that will help its customers reduce their environmental impact. The company is planning $2 billion in data center development across the Americas.
Yondr Group has big plans in Northern Virginia. The developer has acquired 270 acres of land, and plans to build 500 megawatts of data center capacity across Loudoun and Prince William counties.
Cologix says it has broken ground on a large data center campus in Northern Virginia, commencing construction on a planned 1 million square foot campus in the heart of “Data Center Alley” in Ashburn.