TA Realty Launches Development of Data Center Campus in Loudoun County, VA
$1.8 billion investment marks firm’s entry into data center sector
Boston, May 4, 2021 – TA Realty LLC, a leading provider of real estate investment management services to U.S. and non-U.S. institutional investors, today announced plans to develop a new $1.8 billion secure data center campus in the heart of Loudoun County, VA.
With more than 18 million square feet of data centers currently in operation and millions more being planned or developed, Loudoun County is considered to be the world’s fastest growing data center market. According to the Loudoun County Department of Economic Development, much of the world’s internet traffic passes through the county’s digital infrastructure. This concentration of assets has created strong demand from many of the world’s leading cloud, enterprise, and managed service providers.
TA Realty’s new data center campus will be situated on the east side of Sycolin Road and bound by Cochran Mill Road to the north and Energy Park Drive to the south in Leesburg, VA. With the initial buildings expected to come online in late 2021, the fully built-out campus will feature over 1.5 million square feet of space with 300 megawatts of power and a dedicated onsite substation.
“Delivering this transformational project is part of our commitment to invest more capital into this in-demand asset class,” said Michael Haggerty, Managing Partner at TA Realty. “Our campus will address the needs of hyperscale and cloud providers by delivering sustainable data center infrastructure with speed and scale into the largest and most sought-after data center market in the world.”
The land where TA Realty’s project is being developed is shovel ready and strategically positioned atop major fiber routes. This greenfield development is designed to deliver clean energy solutions, helping to reduce environmental impact and advance TA Realty’s broader ESG priorities.
About TA Realty
TA Realty is among the largest and most experienced providers of real estate investment management services to U.S. and non-U.S. institutional investors. Since its inception in 1982, TA Realty has managed more than $30 billion of real estate assets through core, core-plus and value-add strategies and customized separate/advisory accounts. TA Realty’s investment philosophy focuses on creating diversified real estate portfolios that aim to generate strong cash flow, receive intensive asset management and seek to achieve long-term value creation. For more than three decades, TA Realty has maintained this philosophy through multiple real estate and economic cycles, a strength recognized by pension funds, endowments, foundations and high net worth individuals. For more information please visit www.tarealty.com.