Greysteel says it has arranged the sale of an 85-acre site in Culpeper, VA to become a new data center campus.
The purchaser, DataBank, is a leading provider of enterprise-class edge colocation with 68 data centers. DataBank plans on developing up to three 2- story data centers, roughly 1.4 million sq. ft.
The project’s construction schedule hasn’t been disclosed.
The site will feature a 300MW onsite sub-station, which will deliver 192MW of critical IT power upon full deployment. This transaction marks a string of notable land buys by DataBank, including 95 Acres in Atlanta and 34 Acres in New York.
“This transaction marks only the 3rd new user to the Culpeper data center market, solidifying itself as a true extension to the robust Northern Virginia data center market,” Greystill director Zach Benlemlih said in a statement.
“As access to powered land becomes less available, we anticipate the trend of expansion from the core to continue. We are confident that the team at DataBank will create a best-in-class asset for the market.
Director Zach Benlemlih of Greysteel’s Mid-Atlantic Industrial team facilitated the transaction on behalf of the seller and purchaser.
