TA Realty Completes Sale of 745,000 SF Hyperscale Data Centers in Northern Virginia

TA Realty, together with its data center development arm TA Digital Group, LLC, announced the sale of two hyperscale data center buildings totaling 745,000 square feet and 165 megawatts of IT load capacity in Leesburg, Virginia. The facilities represent the first phase of a planned five-building, 450-megawatt hyperscale data center campus developed for a single hyperscale tenant.

The facilities are fully leased. The buyer and financial terms of the transaction were not disclosed.

Strategic Development in Data Center Alley

"This sale is a significant milestone for TA Realty and TADG," commented Allison O'Rourke, Partner at TA Realty. "It reflects our strategy of developing build-to-suit facilities for hyperscale customers in Tier 1 U.S. markets and monetizing assets upon stabilization. Northern Virginia is the premier global data center market, and the completion and sale of these initial buildings demonstrates the strength of our development and execution capabilities."

The development project involved substantial land assembly and infrastructure coordination. Tim Shaheen, Partner at TA Realty and Chief Development Officer at TA Digital Group, noted that the project included "partnering with some of the local utilities to add additional infrastructure that will not only support this project but provide for growth in the surrounding area."

The scale of the campus enabled the delivery of two independent substations to support grid power, providing a level of redundancy and capacity that is increasingly difficult to achieve in core markets, according to Shaheen.

Data Center Platform Expansion

TA Realty has built a scaled data center platform comprising more than 12 projects owned or controlled across its investment vehicles, representing nearly 3 gigawatts of power capacity. TA Digital Group oversees the development and construction of these projects and is based in nearby Ashburn, Virginia, at the center of "Data Center Alley," the world's largest concentration of data centers and a critical hub for global internet traffic.

In addition to Northern Virginia, the TA Realty data center platform includes assets in Chicago and Atlanta, with plans to further expand.

Market Context

The transaction reflects TA Realty's strategy of developing build-to-suit facilities and monetizing upon stabilization. With three additional buildings planned for the Leesburg campus, the project will ultimately deliver 450 megawatts of capacity. The infrastructure investments, including utility partnerships and dual substations, are designed to support continued growth in the surrounding area.