Menu

11/23/16 Five 9s Digital News

Five 9s Digital Advises On $85M Sale Of Northern VA Data Center Portfolio


Northern Virginia Data Centers Trade Hands

Five 9s Digital provided advisory services on behalf of an institutional investor in the evaluation and acquisition of a data center portfolio in the Northern Virgina (NOVA) submarket. The fully leased data centers serve as critical operations to Level 3 Communications and Windstream Communications with a total size of 131,000 square feet. The two (2) data center facilities are located in McLean Virginia.

The NOVA data center market is the hottest market in the US and home to over 11 million square feet of data center space and over 770 MW of total inventory. Experiencing unprecedented growth over the past two years, the Northern Virgina data center market has witnessed over 120 MW of year-to-date absorption in 2016.

New data center development on the books and the continued rapid growth of the hyperscale cloud companies will continue to drive the expansion of the Northern Virginia data center market.