American Real Estate Partners (AREP) is teaming with investor Harrison Street to pursue data center development deals, which will likely extend beyond their first project in Ashburn’s Data Center Alley.
Dominion Energy is developing more renewable energy for its power grid, a welcome development for tech companies seeking more green power for their data centers in Northern Virginia.
American Real Estate Partners (AREP) has teamed with investor Harrison Street to acquire a piece of prime real estate in Ashburn’s “Data Center Alley” where it plans to build a 265,000 square foot data center.
Data center customers leased nearly 700 megawatts of IT capacity in 2020, according to a new report from North American Data Centers. That doubled the prior record from 2018, as the COVID-19 pandemic created extraordinary demand.
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.
The data center industry is busier than ever. With more new players entering the industry, this has meant lower pricing on large deals in the most competitive markets.
Data center developers are scrambling to add capacity, as this year’s record leasing activity has consumed much of the available supply of server space. Several leading markets are seeing a boom in construction.
Equinix is expanding in Northern Virginia’s Data Center Alley, opening a new campus in Ashburn featuring an innovation lab and new design for a series of four-story data centers.
Plans are underway for a $360 million data center project in the heart of Data Center Alley in Ashburn, Virginia, situated at the most connected point on the Internet.
Microsoft continues to expand its global data center infrastructure, buying land to add massive amounts of server capacity in key North American cloud hubs in Iowa, Northern Virginia and Phoenix.