TA Realty sells first hyperscale data centre buildings in Northern Virginia campus deal

The assets, located in Leesburg, Virginia, total 745,000 square feet and offer 165 megawatts of IT load capacity. They are the first two completed and fully leased buildings within a planned five-building hyperscale campus that is expected to deliver up to 450 megawatts of capacity once fully built out.

The transaction was announced by TA Realty and its data centre development arm, TA Digital Group (TADG), and reflects the firm’s strategy of developing build-to-suit hyperscale facilities in Tier 1 US markets before monetising them once stabilised.

“This sale is a significant milestone for TA Realty and TADG,” said Allison O’Rourke, partner at TA Realty. “It reflects our strategy of developing build-to-suit facilities for hyperscale customers in Tier 1 U.S. markets and monetising assets upon stabilisation.

Northern Virginia is the premier global data centre market, and the completion and sale of these initial buildings demonstrates the strength of our development and execution capabilities.”

Northern Virginia remains the world’s largest and most liquid data centre market, driven by strong demand from cloud and AI-led workloads, as well as its role as a global hub for internet traffic. However, constraints around land, power availability and grid infrastructure have made large-scale developments increasingly complex.

Tim Shaheen, partner at TA Realty and chief development officer at TADG, highlighted the importance of infrastructure planning in delivering the project.

“Being able to assemble the land to support a development of this scale, which also included partnering with some of the local utilities to add additional infrastructure that will not only support this project but provide for growth in the surrounding area, is also part of our strategy in these Tier 1 markets,” he said.

“The scale of this campus enabled the delivery of two independent substations to support grid power, providing a level of redundancy and capacity that is increasingly difficult to achieve in core markets.”

TA Realty has built a sizeable data centre platform, with more than 12 projects owned or controlled across its investment vehicles, representing close to 3GW of power capacity. TADG oversees development and construction and is based in Ashburn, Virginia, at the heart of “Data Centre Alley”.

Beyond Northern Virginia, TA Realty’s data centre portfolio includes assets in Chicago and Atlanta, with plans for further expansion as demand for hyperscale capacity continues to grow.

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