JV Commits $1B for Powered Shell Data Centers Across VA’s Data Center Alley

A joint venture between American Real Estate Partners and Harrison Street has made a $1 billion commitment to develop six powered shell data centers representing 2.1 million square feet of data center space within Data Center Alley in Ashburn and Arcola, VA.

“The demand for more data centers is simply based upon our society’s move to an even more integral life with technology,” said Doug Fleit, AREP’s CEO. “We are creating not just exponentially more data but new and ever more useful ways to apply that data. All of this speaks to a long-term data center trend for markets like Ashburn, VA.”

The data center campuses can accommodate six buildings that will range from 265,000 to 440,000 square feet in size. The Ashburn campus will be comprised of four powered shell data centers developed in a build-to-suit model for hyperscale tenants and deliver 300 MW of electrical power capacity. The Arcola development will include two modern powered shell build-to-suit data centers with approximately 100-125 MW of capacity.