St. John Properties sold a 38-acre land parcel in the Ashburn Technology Park in Ashburn, VA for $17 million according to a Washington Business Journal article. The Baltimore-based developer sold the land to Sabey Data Center Properties, privately owned data center developers and operators based in Seattle, WA.
Ashburn Technology Park currently consists of six research and development /office buildings comprising more than 320,000 square feet of space. Sabey announced in June that it has plans to build a 490,000 square foot data center campus within the complex with construction to begin late this summer. The campus will feature three buildings and will be served with over 70 megawatts of power, accommodating tenants with varying design challenges and power requirements.
"Ashburn Technology Park offers the perfect confluence of electric power, Internet network fiber, water and by-right use for this customized operation, and the business community is positioned in the middle of the Northern Virginia hi-tech employment base with close proximity to Dulles Airport and Washington, D.C.," said Larry Maykrantz, President of St. John Properties. "Sabey Data Center Properties is a well recognized and highly regarded company, and their significant investment of resources will stimulate tremendous growth opportunities for our existing tenants, as well as the Northern Virginia business marketplace."
For more news and information visit Blumberg Capital Partners.
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