TA Realty enters data center sector with $1.8bn investment in Loudoun County

TA Realty enters data center sector with $1.8bn investment in Loudoun County

TA Realty LLC said Tuesday it plans to develop a new $1.8 billion secure data center campus in the heart of Loudoun County, VA.

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.

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TA Realty said the $1.8 billion investment marks firm’s entry into the data center sector.

“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,” he added.

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.

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,” said the company in a statement.