TA Realty Signs a Deal to Lease 430 MW Data Center Campus to a Premium Cloud Service Provider

TA Realty, a known REIT (Real Estate Investment Firm) in the USA, has signed a 430 MW build-to-suit lease agreement with a premium cloud service provider for a data center facility in Virginia’s Leesburg.

TA Realty's lease agreement in Virginia’s Loudoun County marks the first venture into Tier 1 data center projects in the USA. The company plans to continue pursuing data center investments, leveraging its expertise in real estate development and management to deliver high-quality solutions for its clients.

Find out the latest data center
facilities in the United States.       Get Started Now!

The location connects with major fiber routes and transmission lines. The company will lease five buildings that cover an area of 176,515 square meters. The tenant selected the campus due to its scale, power, and location. The site is adjacent to a 778 MW power plant and an existing substation. 

Significance of the Lease Agreement

• Strategic Entry into Data Center Sector: TA Realty's expansion into the data center sector aligns with the firm's focus on investing in high-demand real estate assets.

• Validation of Data Center Demand: The lease agreement reflects the strong and growing demand for data center facilities driven by the expansion of cloud computing, big data, and the Internet of Things (IoT).

• Economic Impact: The lease is expected to generate significant economic benefits for Loudoun County, including job creation and increased tax revenue.

Allison O’Rourke partner at TA Realty stated that this project showcases the ability to source opportunities in the data center industry in mature markets. The announcement marks the formation of a new group within the company dedicated to digital infrastructure, which will be formally announced in 2024.

The state of Virginia is considered to be one of the largest data center markets in the US. Earlier this week DataBank acquired 85 acres of land in Culpeper, Virginia for their new data center campus.

About TA Realty

TA Realty is a leading global investment management firm specializing in real estate. Founded in 1982 and headquartered in Boston, Massachusetts, the firm has a global reach with offices in Newport Beach, Dallas, and San Francisco. With over $40 billion of real estate assets under management, TA Realty invests in a variety of real estate sectors, including core, core plus, and value-added opportunities across the United States.

TA Realty employs a hands-on investment approach, actively managing its real estate assets to maximize value. The firm's value creation strategies include:

• Repositioning: TA Realty repositions underperforming assets by changing the tenant mix, leasing up vacant space, or renovating the property.
• Redevelopment: The firm redevelops obsolete or underutilized properties into new or higher-value uses.
• Leasing and Management: TA Realty actively manages its properties to maximize occupancy and rental income.

Find Ongoing and Upcoming Data Center Facility Projects in the USA with Ease.

Are you looking for a platform that gives you reliable, high-quality, and timely project insights for Data Center Facility Projects in the USA?

Discover the Global Project Tracking (GPT) platform by Blackridge Research, designed to provide you with the most recent US Data Center Facility Projects better and faster across various stages of development:

• Upcoming projects
• Tender Notices
• Contract award announcements
• Projects in progress or under construction
• Successfully completed projects.

The user-friendly interface helps you obtain early-stage awareness of projects and find the right business opportunity quickly.

Each project will have all the essential details, such as scope, capacity, CapEx, status, project description, companies involved, funding information, location, periodic updates, important event dates like construction start date, commissioning dates, and key contact information of project owners and stakeholders.

The database is a vital resource for a wide range of entities, EPC Companies, data analytics and software providers, consulting and advisory firms, investors, multilateral banks and financial institutions, and law firms.

Book a Free demo to learn more about the USA Data Center Facility Projects database and how we can help you achieve your goals.