Harrison Street and AREP launch a $ 1 billion data center business

Share This Post

The yet unnamed organization has secured two sites, including the location of the former AOL headquarters, currently operated by Yahoo, located on Pacific Boulevard in Ashburn. The partners are initially planning to build six ‘powered shell’ data centers totaling more than two million square feet.

Harrison Street Real Estate and American Real Estate Partners (AREP) are set to invest $1 billion in the joint venture.


  • Alternative real estate specialist Harrison Street is headquartered in Chicago and has nearly $39 billion in assets under management, including several data center properties.

  • A quick start

The two firms are planning to spend $1 billion to develop hyperscale data centers in Northern Virginia, in a region known as the Data Center Alley – representing the world’s largest and most connected data center market.

Its joint venture partner, institutional fund manager AREP, is based in Virginia, and primarily focused on office space, with investments totaling $4.5 billion to date.

The first campus – on the site of the former AOL HQ in Ashburn – will be redeveloped to offer customers four ‘build-to-suit’ data centers ranging from 265,000 to 440,000 square feet, with up to 300MW of power available.

The second campus, located on Arcola Boulevard, across the street from Google’s data center campus, will include two buildings with around 100MW of total power capacity. The first facility on this campus, codenamed ABX-1, is already under construction.

“Digital real estate is a core pillar of Harrison Street’s demographically driven investment strategy, and we are thrilled to significantly expand our presence in the world’s most active data center market,” said Michael Hochanadel, managing director and head of digital real estate at Harrison Street. “This transaction, in partnership with AREP, provides us with unique data center campuses and immediate scale in an attractive network-dense region ensuring hyperscale cloud providers and high-quality colocation operators have the capacity they need to support their customers.”


Related Posts

Dallas College installs new security features following a 2017 shooting

After a gunman entered the school and killed 20-year-old...

For Linux 6.0, there are many changes to VirtIO

The components of the VirtIO pull for Linux 6.0...

When the CCP Cyber ​​Army attacks, the Taiwan government’s information security is strengthened

Chang Tun-Han, a spokesperson for the Taiwan Presidential Palace,...

Linux receives a new patch to address AMD Retbleed mitigation – STIBP is required with IBPB

Retbleed, a novel speculative execution attack that takes use...

RCB’s Official YouTube Channel Hacked and Hacker Streamed Live Using Cryptocurrency

Shubman Gill allegedly received congratulations from RCB earlier even...

In response to being targeted by a hijacker Twitter account, Bella Poarch apologizes to Cardi B

Yesterday (August 12), tweets about Poarch’s debut EP, ‘Dolls’...