Finmarc Management, Inc., a commercial real estate investment and management firm headquartered in Bethesda, Maryland, has sold a 25.29-acre site at 19886 Ashburn Road in Loudoun County, Virginia, for $60 million.

The new owner, JK Land Holdings, LLC, intends to develop a new 360,000-square-foot data center on the parcel in an undetermined timeframe. The property, which contains a commercial office building and an R&D/warehouse structure, is fully entitled to support this specialized data center use with site plan approval from Loudoun County. Ryan Goeller of KLNB represented JK Land Holdings, and CBRE’s Rob Faktorow, Josh Greenberg, and Anna Faktorow represented Finmarc in this transaction. Aaron Rosenfeld of Kelley Drye & Warren LLP provided legal services to Finmarc.

Finmarc Management acquired the site, which includes a three-story, 110,000-square-foot commercial office building and a nearly 80,000-square-foot single-story industrial/R&D structure, in 2019. The two-building portfolio currently serves as the global headquarters for Telos Corporation.