GI Partners/DataBank synch up on the new Ashburn, VA, data center

Aug. 1, 2024
This latest lease represents the third collaboration between the two companies.

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.

For related articles, visit the Data Center Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.

About the Author

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.

Sponsored Recommendations

How AI is driving new thinking in the optical industry

Sept. 30, 2024
Join us for an interactive roundtable webinar highlighting the results of an Endeavor Business Media survey to identify how optical technologies can support AI workflows by balancing...

Advances in Fiber & Cable

Oct. 3, 2024
November 7, 2024 1:00 PM ET / 12:00 PM CT / 10:00 AM PT / 6:00 PM GMT Duration: 1 hour Already registered? Click here to log in. A certificate of attendance...

Advancing Data Center Interconnection

July 25, 2024
Data Center Interconnect (DCI) solutions provide physical or virtual network connections between remote data center locations. Connecting geographically dispersed data centers...

The AI and ML Opportunity

Sept. 30, 2024
Join our AI and ML Opportunity webinar to explore how cutting-edge network infrastructure and innovative technologies can meet the soaring demands of AI memory and bandwidth, ...