Ares Acquires Northern Virginia Data Center Properties
One asset is a development-ready site, while the others are recently completed projects.
Alternative investment specialist Ares Management Corp., acting through Ares Real Assets funds, has acquired a data center site and an operating data center for an unspecified price. Both properties are in the major data center market of Northern Virginia.
In one investment, the Ares fund acquired a 314-acre site in the I-95 South data center corridor in Spotsylvania County, Va. Ada Infrastructure, Ares’ data center platform within the Ares Digital Infrastructure business, will develop data centers on the site.
Phase one of the development will consist of two data center structures totaling 200 MW of capacity. The campus has secured critical utility infrastructure and will use flexible cooling system configurations that can accommodate next generation GPU loads.
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In a separate investment, an Ares Real Estate fund has acquired two hyperscale data centers in Leesburg, Va., which were completed earlier this year. The properties total 165 MW of capacity, and are fully leased under 15-year triple-net agreements with an investment-grade hyperscale customer.
Ares Management Corp. has over $595 billion of assets under management. Its real estate holdings include not only data centers, but other property types.
In November, the investor sold 5102 Industry Ave., a 173,100-square-foot industrial facility in Pico Rivera, Calif., for $63.8 million. In October, Ares Alternative Credit Funds, together with Makarora Management, acquired Plymouth Industrial REIT in a $2.1 billion all-cash deal.
Red hot data centers
The U.S. data center market continued its development surge in the third quarter of 2025, driven by accelerating AI infrastructure demand and large-scale hyperscale leasing, according to Avison Young. Total capacity in the third quarter increased by 1.7 gigawatts quarter-over-quarter, a rapid growth tied to rising AI data center demand.
Energy efficiency is now a key concern for investors and operators alike, adopting on-site generation, liquid cooling and edge deployments to meet rising reliability requirements. Power availability is well on the way to becoming the defining factor for scalability, so data centers are evolving into industrial-grade energy ecosystems.
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