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Northern Virginia Data Genter Gets Long-term Financing

WASHINGTON, DC-The facility will be occupied by Infocrossing Inc., which has a 15-year lease with DataCentersNow and is investing more than $10 million in the project.

By Wendy Watkins | Updated on February 13, 2001

Commercial real estate investment firm John B. Levy & Co. has just finished arrangements for $11.7 million in long-term financing on behalf of an affiliate of DataCentersNow. The financing, arranged through Lend Lease Real Estate Investments, was secured by DCN’s 54,000-sf CyberFortress I building in Sterling, VA. The facility will be occupied by Infocrossing Inc., which has a 15-year lease with DataCentersNow and is investing more than $10 million in the project.

“Many are closely watching the financing and development of data centers because this is a different type of investment property,” says company president John B. Levy.

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