Infrastructure company NTT is expanding its data center portfolio with the $257.4M acquisition of 103 acres of land adjacent to the largest data center cluster in the US in Northern Virginia. The seller was Lerner Enterprises.
NTT is planning to build its largest single campus in North America in Gainesville, VA, with a total of 2M SF of server farm space in four large-scale buildings. When completed, the campus will generate 336MW of data-processing capacity, which the industry measures in net megawatts absorbed.
Skyrocketing demand for data centers as cloud services proliferate has significantly increased the value of available land in the Northern VA in the heart of the world's leading data center hub.
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