Peterson Co. affiliate Stafford Technology LC has filed plans to build a $1.5B data center campus on an undeveloped 524-acre site in the woods next to Stafford Regional Airport in Virginia.
What will be called the Stafford Technology Campus envisions a 5.5M data center complex that will be built in five stages and encompass more than 25 buildings, including data-processing facilities and electrical substations to power them.
The move represents a growing strategic thrust for Fairfax, VA-based Peterson, which has a diverse portfolio of retail, residential and office properties, including the National Harbor mixed-use complex, but very few data center assets.
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.