GI Partners, a private alternatives investment firm, has purchased 43915 Devin Shafron Drive in Ashburn, Va. as part of its strategy of acquiring and managing technology-enabled real estate.
The property is located in a 98-acre campus that is managed by a data center operator. It is 100 percent leased to two tenants and has been maintened since initial construction in 2010. The property offers 9 MW of power and has the ability to expand in the future. The facility provides electrical and mechanical improvements and multiple connectivity options through the adjacent campus.
“The recent leasing velocity of northern Virginia affirms the value tenants place on locating at the center of the modern digital ecosystem,” states John Sheputis, managing director, and Patrick Lawler, director of GI Partners. “This network dense data center is a great addition to our core investment programs and demonstrates our commitment to being a trusted counterparty in all circumstances.”
CBRE Data Center Capital Markets represented the seller on this transaction.