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Washington DC & Mid-Atlantic  + DC Metro  + Industrial  |  May 12, 2023
Emily Fu
By: Emily Fu

PowerHouse Data Centers Secures Lease Agreement in Ashburn

PowerHouse Data Centers has secured a 30-year lease agreement with CyrusOne Inc. for a spec-built data center, ABX-1, in Ashburn, Virginia.  

ABX-1, scheduled for completion in October, is a two-story, 265,000 square feet powered shell in Data Center Alley. PowerHouse, a joint venture between American Real Estate Partners and Harrison Street, offers powered shell and build-to-suit data center solutions. ABX-1 is the first of PowerHouse’s six data center build sites in Loudoun County, representing 2.1 million square feet of data center space under construction.  

“Now more than ever, hyperscalers and operators are looking for real estate solution providers to handle everything from land identification and acquisition to data center design and construction,” says Doug Fleit, co-founder and CEO of AREP and PowerHouse. Strategic partners for ABX-1 include DPR Construction, Corgan, kW Mission Critical Engineering, Avison Young, and Appleby Strategies Group. 

Read More News Stories About: Avison Young
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Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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