GI Partners, a leading private alternatives investment firm, has announced the execution of a large lease with DataBank.
Ashburn, Virginia, continues to be a hotbed of data center activity, and the new agreement between DataBank and GI Partners reflects that trend. GI Partners has executed a large lease with DataBank for a new data center in Ashburn.
The lease will cover the entirety of a new two-story data center GI Partners is currently constructing. Delivery is expected in the second quarter of 2025.
This data center is being constructed on GI's existing campus on Red Rum Drive in Ashburn, VA, where GI owns two existing data center buildings, both already leased to DataBank. In conjunction with construction, GI Partners added 29 MW of power to the site.
GI Partners is no stranger to the Northern Virginia data center market, which is the largest in the country. Today, the firm owns six data center assets in Northern Virginia, totaling over 1 million square feet.
"Ashburn and Loudoun County as a whole is the largest and most active data center hub in the world, and this project represents another example of GI's extensive value creation capabilities in data centers," notes Tony Lin, Managing Director of GI Partners.
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Sean Buckley
Sean is responsible for establishing and executing the editorial strategies of Lightwave and Broadband Technology Report across their websites, email newsletters, events, and other information products.