{"id":1004526002,"date":"2021-05-05T01:31:16","date_gmt":"2021-05-05T09:31:16","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004526002"},"modified":"2021-05-14T09:36:54","modified_gmt":"2021-05-14T17:36:54","slug":"ta-realty-to-build-1-8b-dc-area-data-center-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ta-realty-to-build-1-8b-dc-area-data-center-campus\/","title":{"rendered":"TA Realty to Build $1.8B DC-Area Data Center Campus"},"content":{"rendered":"
\"\"<\/a>

TA Realty’s development site in Leesburg, Va. Image via Google Earth<\/i><\/p><\/div>\n

TA Realty has put forward plans to construct a 1.5 million-square-foot data center campus valued at $1.8 billion in Loudoun County, Va., an investment that marks the company’s entry into the sector. The property will have more than 300 megawatts of power and a dedicated substation located onsite. TA Realty plans to deliver the first buildings by late 2021.<\/p>\n

The new facility will be erected on a 94.9-acre parcel near the intersection of Sycolin and Cochran Mill roads in Leesburg, Va. TA Realty paid $60 million for the development site at the end of March, Loudoun County records show.<\/p>\n

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READ ALSO: <\/strong>Cologix Breaks Ground on 1 MSF DC-Area Data Center<\/a><\/p>\n

\n

Widely considered to be the largest data center market in the world, Northern Virginia has an estimated 18 million square feet of data center space in operation. The area\u2019s digital infrastructure is also continuing to spur development activity: A number of major projects have kicked off<\/a> in the last year alone.<\/p>\n

Although the past year has been challenging for many commercial real estate sectors, data center assets have been strong performers. Eight of the 14 major U.S. data center markets posted an increase in net absorption<\/a> in 2020, according to a JLL report.<\/p>\n","protected":false},"excerpt":{"rendered":"

The facility will include upward of 1.5 million square feet in one of the world\u2019s fastest-growing data center markets.<\/p>\n","protected":false},"author":861,"featured_media":1004526603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21782,21783,11,21742,1615],"tags":[33847,32822],"class_list":["post-1004526002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-development","category-investment","category-midatlantic","category-latest","category-washington-dc","tag-loudoun-county","tag-ta-realty"],"acf":[],"yoast_head":"\nTA Realty to Build $1.8B DC-Area Data Center Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ta-realty-to-build-1-8b-dc-area-data-center-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TA Realty to Build $1.8B DC-Area Data Center Campus\" \/>\n<meta property=\"og:description\" content=\"The facility will include upward of 1.5 million square feet in one of the world\u2019s fastest-growing data center markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ta-realty-to-build-1-8b-dc-area-data-center-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-05T09:31:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-14T17:36:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Leesburg-Va.-development-site.-Image-via-Google-Earth.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ta-realty-to-build-1-8b-dc-area-data-center-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ta-realty-to-build-1-8b-dc-area-data-center-campus\/\",\"name\":\"TA Realty to Build $1.8B DC-Area Data Center Campus - 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