Site is ready for the construction of a mega data centre campus close to facilities run by some of the world’s largest cloud and colocation names.

New York-based services provider Sentinel Data Centers has invested $82.5m in the acquisition of a 280-acre piece-of-land in Dulles, Northern Virginia.

The Washington Dulles Gateway parcel traded for $589,000 per usable acre and has been labelled by JLL, which acted as the broker for the deal, as one of the largest contiguous land parcels that remain in Northern Virginia for the construction of data centres.

The total net constructible are is, according to JLL, 140 acres.

Mark G. Levy, managing director for JLL, said: “The JLL team worked diligently through leveraging our global platform to identify the most qualified buyer for Washington Dulles Gateway.

“Given the significant demand that continues to exist for data centre product in Loudoun County, we were able to achieve a tremendous outcome for our client.

“When we began the conversation with Sentinel, it was clear they had the market knowledge and sophistication necessary to execute a complex transaction such as this.”

Sentinel Data Centers is, however, not new to the Northern Virginia market, having in 2017 acquired a 65-acre piece -of-land in Loudoun County.

Loudoun County has in the past few years attracted a high level of data centre investment becoming one of the US’s largest and most densely populated data centre hotspots.

Operators and hyperscalers with a presence in the area include CyrusOne, Digital Realty (through the acquisition of DuPont Fabros), RangingWire, AWS and others.

Written by João Marques Lima, July 9, 2018. This article was originally posted on Data Economy.