Greysteel Arranges the Sale of an 85-Acre Data Center Campus in Culpeper, VA

Greysteel, a national commercial real estate investment services firm, is pleased to announce the successful sale of a new data center campus located in Culpeper, Virginia. Director Zach Benlemlih of Greysteel’s Mid-Atlantic Industrial team facilitated the transaction on behalf of the seller and purchaser.

The purchaser, DataBank, is a leading provider of enterprise-class edge colocation with 68 data centers and 427MW of existing critical IT load.DataBank plans on developing up to three 2- story data centers, roughly 1.4M SF. The site will feature a 300MW onsite sub-station, which will deliver 192MW of critical IT power upon full deployment. This transaction marks a string of notable land buys by DataBank, including 95 Acres in Atlanta and 34 Acres in New York.

“This transaction marks only the 3rd new user to the Culpeper data center market, solidifying itself as a true extension to the robust Northern Virginia data center market. As access to powered land becomes less available, we anticipate the trend of expansion from the core to continue. We are confident that the team at DataBank will create a best-in-class asset for the market.”, said Zach Benlemlih.

ABOUT GREYSTEEL:

Greysteel is a leading commercial real estate and capital markets services firm with 16 offices located in Austin, TX; Baltimore, MD; Bentonville, AR; Charlotte, NC; Chapell Hill, NC; Columbus, OH; Dallas, TX; Los Angeles, CA; Miami, FL; Nashville, TN; New Orleans, LA; Newport Beach, CA; New York, NY; Orlando, FL; Philadelphia, PA; and Washington, D.C. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital, middle-market, and institutional real estate assets. www.greysteel.com