ASHBURN, VA–Data center REIT Equinix has acquired four parcels of land in Loudoun County for $34.5 million. The parcels, which are close to Equinix's current Ashburn data center campus, will be used to build several new International Business Exchange data centers.
Equinix already has ten IBX data centers in the Washington, D.C. metro area that cover more than 500,000 square feet and serve 850 plus customers. They are, according to the REIT, the largest Internet exchange point in North America and one of the largest in the world. “The acquisition of this property will enable Equinix to accommodate the growing number of global companies that are solving the digital edge through interconnection with the robust ecosystem of strategic business partners located at Equinix's Ashburn campus,” Karl Strohmeyer, president of the Americas at Equinix, says in a prepared statement.
In general Equinix is building out its data center footprint in specific markets either through land purchases, such as in Ashburn, Silicon Valley and Chicago, or through building acquisitions as it has in Amsterdam, Paris and Rio de Janeiro.
Northern Virginia can expect to see more such investments. It is already the largest data center market in the US by operational square feet and several new facilities are expected to come online in the next one to two years, according to Kelly Morgan, research VP at 451 Research.
“The market has seen consistently strong demand, enabling providers like Equinix to fill large builds quickly,” according to Morgan.
ASHBURN, VA–Data center REIT Equinix has acquired four parcels of land in Loudoun County for $34.5 million. The parcels, which are close to Equinix's current Ashburn data center campus, will be used to build several new International Business Exchange data centers.
Equinix already has ten IBX data centers in the Washington, D.C. metro area that cover more than 500,000 square feet and serve 850 plus customers. They are, according to the REIT, the largest Internet exchange point in North America and one of the largest in the world. “The acquisition of this property will enable Equinix to accommodate the growing number of global companies that are solving the digital edge through interconnection with the robust ecosystem of strategic business partners located at Equinix's Ashburn campus,” Karl Strohmeyer, president of the Americas at Equinix, says in a prepared statement.
In general Equinix is building out its data center footprint in specific markets either through land purchases, such as in Ashburn, Silicon Valley and Chicago, or through building acquisitions as it has in Amsterdam, Paris and Rio de Janeiro.
Northern
“The market has seen consistently strong demand, enabling providers like Equinix to fill large builds quickly,” according to Morgan.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
