A New York-based data center company is continuing its expansion into the commonwealth after acquiring prime space at Washington Dulles Gateway.

Sentinel Data Centers has acquired the 280 acres for $82.5 million with the assistance of real estate and investment management services firm JLL. The deal equates to $589,000 per usable acre. The property is located north of Dulles Airport along the Dulles Greenway.

“The JLL team worked diligently through leveraging our global platform to identify the most qualified buyer for Washington Dulles Gateway,” said Mark G. Levy, managing director for JLL, in a prepared statement. “Given the significant demand that continues to exist for data center 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.”

The purchase is Sentinel’s latest project in northern Virginia. It acquired 65 acres in Loudoun last year.

Ownership representative Jay Taustin said, “70 percent of the world’s internet activity runs through Loudoun County. We are extremely pleased to have sold this important land parcel to Sentinel Data Centers, who provide world-class facility infrastructure, engineering acumen, technical personnel and operations protocols to its users, to the digital landscape of our region.”

Written by Times-Mirror Staff, July 5, 2018. This article was originally posted on Loudoun Times-Mirror.