New Lease Represents Third GI/DataBank
Collaboration
ASHBURN,
Va., July 25, 2024 /PRNewswire/ -- GI Partners,
a leading private alternatives investment firm, has announced the
execution of a large lease with DataBank. The lease will encompass
the entirety of a new two-story data center GI Partners is
currently constructing, with delivery expected in Q2 2025.
The building is being constructed on GI's existing campus on Red
Rum Drive in Ashburn, VA where GI
owns two existing data center buildings, both already leased to
DataBank. In conjunction with construction, GI Partners added an
additional 29 MW of power to the site.
GI Partners has longstanding familiarity with the Northern Virginia data center market, the
largest in the country. Today, the firm owns six data center assets
in Northern Virginia totaling over
1M sf.
"Ashburn and Loudoun County as a whole is the largest and
most active data center hub in the world and this project
represents another example of GI's extensive value creation
capabilities in data centers," notes Tony Lin, Managing
Director of GI Partners. "GI has a proven track record in
strategically adding value to existing and newly acquired data
center assets and this project adds to that long list."
About GI Partners
Founded in 2001, GI Partners is a private investment firm with over
150 employees and offices in San
Francisco, New York,
Dallas, Chicago, Greenwich, Scottsdale, and
London. The firm has raised more
than $40 billion and invests on
behalf of leading institutional investors around the world through
its private equity, real estate, and data infrastructure
strategies. The real estate team focuses primarily on technology
and life sciences properties as well as other specialized types of
real estate. The private equity team invests primarily in
companies in the healthcare, services, and software sectors. The
data infrastructure team invests primarily in hard asset
infrastructure businesses underpinning the digital economy. For
more information, please visit www.gipartners.com.
Contacts:
Chris Tofalli, +1-914-834-4334
chris@tofallipr.com
Gretchen Robinson
pr@gipartners.com
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SOURCE GI Partners