{"id":1004767936,"date":"2025-08-08T03:08:12","date_gmt":"2025-08-08T11:08:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004767936"},"modified":"2025-08-08T03:10:16","modified_gmt":"2025-08-08T11:10:16","slug":"blackstone-lands-550m-for-data-center-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-lands-550m-for-data-center-portfolio\/","title":{"rendered":"Blackstone Lands $550M for Data Center Portfolio"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/1261448-e1754648787223.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004767960\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstone-lands-550m-for-data-center-portfolio\/attachment\/1261448\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/1261448-e1754648787223.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1261448\" data-image-description=\"&lt;p&gt;Exterior shot of a two-building data center campus in Sterling, Va. Image from the Yardi Matrix website&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The portfolio includes the two-building data center campus at 45761 Maries Road in Sterling, Va., encompassing 213,750 square feet. Image courtesy of Yardi Research Data&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/1261448-e1754648787223.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/1261448-e1754648787223.jpg\" alt=\"Exterior shot of a two-building data center campus in Sterling, Va.\" class=\"wp-image-1004767960\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/1261448-e1754648787223.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/1261448-e1754648787223.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The portfolio includes the two-building data center campus at 45761 Maries Road in Sterling, Va. <em>Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Blackstone has secured a $550 million CMBS refinancing loan backed by a 10-property, 1.7 million-square-foot data center collection spread across Northern Virginia, according to a <a href=\"https:\/\/dbrs.morningstar.com\/research\/460035\/bx-commercial-mortgage-trust-2025-copt-presale-report\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Morningstar DBRS report<\/a>. Boasting a total power capacity of 376 megawatts, the portfolio is fully occupied by Amazon Web Services.<\/p>\n\n\n\n<p>Citigroup provided the financing. Computershare Trust Co. serves as trustee and KeyBank as special servicer. Proceeds will be used to refinance an existing $335 million loan and $205 million were returned to the borrower in the form of cash equity. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/data-centers-pressured-for-power\/\">Data Centers: Pressured for Power<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>COPT Defense Properties, which developed the data centers between 2013 and 2019, also owns a 10 percent interest in the portfolio. The collection&#8217;s estimated value is $1 billion, while the land value is nearly $879 million.<\/p>\n\n\n\n<p>Located in Ashburn, Va., Sterling, Va., Manassas, Va., and Haymarket, Va., close to the Data Center Alley and Dulles International Airport, the facilities range from 147,615 square feet to 428,191 square feet. Some of the data centers achieve nearly 1.1 annualized power usage effectiveness, while the whole collection maintains an N+1 electrical and cooling system redundancy. <\/p>\n\n\n\n<p>The weighted-average remaining lease term is of nearly 4.2 years across the facilities, with a fully extended lease of 21.5 years. AWS intends to invest nearly $12 billion in the portfolio for various customer build-outs. Nearly $3.4 billion would be spent for permanent improvements across HVAC systems, fiber connections, UPS systems, backup generators and switch gears, while some $8.6 billion will go toward temporary improvements across servers, racks, cabling and other on-site fit-outs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-investors-appetite-for-data-centers-is-growing\">Investors&#8217; appetite for data centers is growing<\/h2>\n\n\n\n<p>Despite power constraints, the data center sector is expected to grow some more this year, as demand is outpacing supply, a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/data-center-demand-continues-surge-despite-challenges\/\">JLL outlook<\/a> shows. The global capacity will likely expand 15 percent per year through 2027, with the Americas, led by the U.S., expanding to 30 gigawatts. Investors will remain interested in the sector as AI applications fuel its growth.<\/p>\n\n\n\n<p>Recent <a href=\"https:\/\/www.commercialsearch.com\/news\/more-data-centers-please\/\">data center investment<\/a> deals include Apollo&#8217;s purchase of a <a href=\"https:\/\/www.commercialsearch.com\/news\/apollo-buys-majority-stake-in-stream-data-centers\/\">majority stake in Stream Data Centers<\/a>. The company will provide funds to speed up the development of 650 megawatts of power capacity in metros such as Chicago, Atlanta and Dallas.<\/p>\n\n\n\n<p>The partnership of Nuveen and Snowhawk also ventured into the sector by becoming an <a href=\"https:\/\/www.commercialsearch.com\/news\/nuveen-jv-invests-in-prime-data-centers\/\">equity investor in Prime Data Centers<\/a>. The operator aims to raise more than $2 billion for its expansion in power-constrained markets.<\/p>\n\n\n\n<p>Meanwhile, Vantage Data Centers received <a href=\"https:\/\/www.commercialsearch.com\/news\/vantage-obtains-5b-for-data-center-development\/\">$5 billion in financing<\/a> for its expansion. Some of the proceeds fund the company&#8217;s campus underway in New Albany, Ohio, while the remainder will augment its credit facility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon Web Services fully occupies the collection.<\/p>\n","protected":false},"author":2991,"featured_media":1004767960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21825,11,21742],"tags":[37482,32892,42920,35826,32937],"class_list":["post-1004767936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-finance","category-midatlantic","category-latest","tag-amazon","tag-blackstone","tag-citigroup","tag-cmbs","tag-keybank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blackstone Lands $550M for Data Center Portfolio - 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