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ASHBURN, VA-Beaumeade Corporate Park, a 461,700-sf data center complex in Loudoun County, will soon come under new ownership. Network data center and Internet exchange services provider Equinix Inc. has agreed to purchase the six-building campus for $53 million.
The Foster City, CA-based company will acquire the 95%-occupied property from Chicago-headquartered Trizec Properties Inc. Equinix operates its flagship Internet Business Exchange Center from three of the six industrial/warehouse buildings--two completely built-out facilities and another that is expansion-ready--and will put the reaming three structures up for sale.
The Morgan Gick and Associates-designed Beaumeade Park occupies a 32.6-acre parcel on Filigree Court near Route 267, or the Dulles Toll Road, and the 1.4-million-sf Dulles Town Center shopping mall. The single-story structures, developed between 1990 and 2000, range in size from 59,000 sf to 148,000 sf.
"With the announced sale of the Ashburn campus, we saw an opportunity to secure our flagship IBX center as well as to acquire contiguous expansion space to position ourselves for further growth in one of our strongest markets," Equinix CEO Peter Van Camp says. The company is also considering long-term financing, sale-leaseback arrangements or mortgage financing for the non-Equinix occupied facilities. "Given the tremendous interest we have received in the planned sale-leaseback of our recently acquired Los Angeles area center," Van Camp adds, "we are confident there is a great opportunity to obtain attractive long-term financing for this strategic Washington, DC area property as well."
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