Tenant-Leased NoVa Data Center Trades to San Francisco Buyer
San Francisco, CA-based GI Partners has acquired 22262 Cloud Plaza, a data center in Sterling, VA that is currently leased by a global technology firm.
The seller, Sentinel Data Centers, was represented by CBRE and will retain a minority interest in the ownership of the property.
Cloud Plaza was delivered and fully commissioned in 2019. The 238,000-square-foot property serves as a key network location and offers over 46 MW of critical power in an energy efficient design, meeting the existing tenant’s stringent quality requirements.
“We are seeing increased net absorption for data center capacity broadly, and users placing premium value on locating at network-differentiated assets like Cloud Plaza,” said John Sheputis, managing director at GI partners and head of acquisitions for GI Partners Real Estate. We believe that the addition of this fortress-like asset to our data center portfolio will reduce our overall risk while providing accretive returns over the long-term.”
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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