The projects, AS01 and AS02, located in Sterling, Virginia, will collectively support 114MW of critical load across 685,000 sq ft once fully built out. Both facilities are designed to meet increasingly demanding AI and cloud workloads, with power provision from Dominion Energy. Initial occupancy is slated for November 2026 for AS01, with AS02 following in July 2027.
The financing was arranged alongside Partners Group, reflecting ongoing investor appetite for digital infrastructure aligned with hyperscale demand. EdgeCore noted that the transaction forms part of a broader capital deployment strategy across its expanding portfolio.
“Today’s financial announcement is especially exciting for EdgeCore as it is directly related to our accelerated growth plans throughout the Commonwealth of Virginia in support of the AI revolution,” said Lee Kestler.
“EdgeCore’s community investment and controlled real estate development roadmap expands the economic benefits of digital infrastructure to Culpeper and Louisa County, Virginia, providing our hyperscale customers with access to gigascale capacity, reliable power availability and inter-dependent compute within a two-hour drive of Ashburn.”
A green financing component was embedded within the AS01 loan, aligned with international Green Loan Principles and EdgeCore’s sustainability framework.
Julie Brewer highlighted its importance: “EdgeCore’s ability to include a green loan component in this transaction is important to us given our focus on ensuring the construction and operation of our facilities is as sustainable as possible.”
For Fentress Boyse, the deal reflects structural demand: “The development of these assets in Virginia, one of the largest data centre markets in the world, reflects our conviction in the growing demand for capacity.”
The transaction was led by a consortium including Apterra Infrastructure Capital, Global Infrastructure Partners, part of BlackRock, and ING Capital LLC, signalling continued institutional backing for hyperscale expansion.
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